The Colorado Gerontolgical Society (CGS) explained the latest Medicare Part D changes in their weekly Zoom broadcast. There is good news for Medicare beneficiaries a who take lot of prescription drugs. Starting January 1, 2025, after beneficiaries pay the Part D deductible, the maximum out-ofpocket expense is $2000. Congress’s goal is to limit prescription drug costs. To help beneficiaries more, Congress passed legislation to help with the hardship individuals experience when the full $2000 deductible must be paid before other prescriptions can be filled. Starting in 2025, beneficiaries can reduce the burden of paying the deductible by choosing a monthly payment plan.
Medicare Alert
While Medicare has released limited information on the 2025 Medicare Part A and B deductibles, Part B premiums, and Part
A co-pays, financial analysts are expecting significant increases. Starting October 14, 2024, in-person programs on the 2025
Medicare Changes are scheduled in Fort Collins, Alamosa, Northglenn, Montrose, Greeley, Denver, Glenwood Springs, Aurora, Grand Junction, Littleton, and Centennial. At most locations, beneficiaries can visit health insurance representatives and learn more about different plans. Sessions are weekly through December 2. Two virtual sessions are also scheduled.
For those who are New to Medicare, two virtual sessions will focus on enrollment periods, enrollment procedures, and avoiding penalties if employed. For an in-depth look at selected topics join our Wednesday Lunch & Learn series. Topics are Part D changes, the difference between Medicare supplements and advantage plans, and television and direct mail marketing. Fraud changes in broker commissions and how that will affect sales tactics, and eligibility for financial assistance to help with premiums and costs of Medicare Part B and D are also scheduled.
To schedule individual counseling and enrollment support, call 303-333-3482.
Visit https://www.senioranswers.org/events/medicare-monday/ for location and registration details. RSVPs suggested.
Eileen Doherty, MS is the Executive Director of the Colorado Gerontological Society.