Medicare Advantage and Part D Changes Coming in 2025
Medicare is making significant changes to its Advantage and Part D plans in 2025. Here’s what you need to know:
Elimination of Sales Incentives
Starting in 2025, sales incentives for agents and brokers who enroll people in Medicare Advantage and Part D plans will be eliminated. This aims to prevent deceptive and high-pressure marketing practices.
Notifications of Unused Supplemental Benefits
Medicare Advantage plans will be required to send personalized notifications to policyholders each July, listing unused supplemental benefits and how to access them. This is intended to improve utilization of these benefits.
Out-of-Pocket Cost Cap for Part D Drugs
The out-of-pocket cost cap for covered Part D drugs will be lowered to $2,000 in 2025. This will significantly reduce the financial burden on beneficiaries who rely on these medications.
While these changes are generally positive, it’s important to note that they may also have unintended consequences, such as higher premiums and reduced coverage options. Beneficiaries are advised to carefully review their plan choices and consult with healthcare professionals before making any decisions.
