📋 Medicare Recipients Will Save Money on Drugs in 2025 (AARP Article)

[Winter2025VA]

FROM THE ARTICLE: Millions on Medicare Will Save on Prescription Drugs in 2025.

Most Part D beneficiaries who hit new $2,000 cap will see, on average, total out-of-pocket costs cut nearly in half, AARP report finds.

By Rachel Nania, AARP.

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Published January 16, 2025.

Gayle Hays has paid north of $8,000 a year for her and her husband’s prescription medications. One drug alone has cost the couple nearly $7,000 annually in out-of-pocket expenses.

But this year is going to be different. A provision in the AARP-backed prescription drug law that went into effect Jan. 1 caps annual out-of-pocket spending on prescription medications at $2,000 in 2025 for people like Hays and her husband who have a Medicare Part D drug plan. As a result, she expects to shell out a lot less at the pharmacy counter in 2025.

USE LINK BELOW TO READ THE ARTICLE: https://www.aarp.org/health/medicare-insurance/info-2025/medicare-out-of-pocket-cap-savings.html