Medicare beneficiaries will start seeing several cost-related updates this year. These changes aim to reduce financial pressure for seniors, especially those managing chronic conditions.
Key Updates
Lower Copays for Certain Drugs:
Some commonly used Part D medications now have new copay caps to prevent surprise increases.
Reduced Deductibles for Chronic Care:
Treatments for conditions like diabetes or heart disease may have lower deductibles depending on the plan.
Insulin Cost Limits:
Annual caps on insulin spending are being introduced to keep monthly costs predictable.
Expanded Extra Help Program:
More seniors will now qualify for the Low-Income Subsidy, reducing premiums and drug costs.
What Seniors Should Do
Review your Part D plan for updated costs
Check if you now qualify for Extra Help
Ask your pharmacist about newly capped medications