Pam McClure is one of 3.2 million Medicare prescription drug insurance holders who will save money due to the Biden administration’s changes to the Medicare drug benefit. The changes include capping out-of-pocket costs at $2,000 in 2025 and negotiating lower prices for some drugs. While some plans may see premium increases, the law aims to make coverage more affordable for beneficiaries. Additionally, the changes will eliminate the “donut hole” coverage gap and expand subsidies for low-income individuals. Beneficiaries are encouraged to review their plan options during the enrollment period to find the best coverage for their needs.
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Medicare Drug Plans Are Getting Better Next Year. Some Will Also Cost More.
