{"id":3319,"date":"2024-10-21T11:54:09","date_gmt":"2024-10-21T15:54:09","guid":{"rendered":"https:\/\/www.caravitahomecare.com\/?p=3319"},"modified":"2024-10-21T11:54:42","modified_gmt":"2024-10-21T15:54:42","slug":"major-changes-for-medicare-2025","status":"publish","type":"post","link":"https:\/\/www.caravitahomecare.com\/major-changes-for-medicare-2025","title":{"rendered":"Major Changes for Medicare 2025"},"content":{"rendered":"<h4 style=\"text-align: center;\"><em><strong>Major Changes for Medicare 2025<\/strong><\/em><\/h4>\r\n<h4><\/h4>\r\n<p style=\"text-align: center;\"><em>Written by Bonnie Dobbs, Senior Health Benefits Consultant<\/em><\/p>\r\n\r\n<h4><\/h4>\r\n<div id=\"attachment_3335\" style=\"width: 310px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-3335\" class=\"size-full wp-image-3335\" src=\"https:\/\/www.caravitahomecare.com\/wp-content\/uploads\/2024\/10\/caramedic.png\" alt=\"Elder Care Roswell GA - Major Changes for Medicare 2025\" width=\"300\" height=\"235\" \/><p id=\"caption-attachment-3335\" class=\"wp-caption-text\">Elder Care Roswell GA &#8211; Major Changes for Medicare 2025<\/p><\/div>\r\n<h4><\/h4>\r\n<em><strong>The Inflation Reduction Act<\/strong><\/em>\r\n<h4><\/h4>\r\nThe Inflation Reduction Act (IRA) has resulted in four significant changes to drug plans.\r\n<h4><\/h4>\r\n*Elimination of the coverage gap or donut hole\r\n<h4><\/h4>\r\n*$2,000 out of pocket cap\r\n<h4><\/h4>\r\n*A shift in cost sharing in the catastrophic phase\r\n<h4><\/h4>\r\n*A new way of paying for your drugs\r\n<h4><\/h4>\r\nEnrollees can now spread payments out over 12 months instead of paying the high deductible of the first fill at the pharmacy at the beginning of the year.\r\n<h4><\/h4>\r\nThis is good news for those paying up to $8,000 out of pocket for medications in 2024. The bad news is that most of Part D premiums are greatly increasing with the exception of a few.\r\n<h4><\/h4>\r\n<em><strong>Medicare Advantage Plans<\/strong><\/em>\r\n<h4><\/h4>\r\nSeveral companies have Medicare Advantage plans that will be exiting the program. Termination letters were mailed starting October 1. If you received one, the bad news is you must select a new plan for 2025.\r\n<h4><\/h4>\r\nThe good news is when a company terminates a plan, those enrollees have guaranteed issues if they wish to change to a Medicare Supplement and Part D plan.\r\n<h4><\/h4>\r\nMedicare annual enrollment is Oct 15 to Dec 7 each year. Due to the many changes, please contact a broker immediately to get on the calendar for your review or change.\r\n<h4><\/h4>\r\n<em>Bonnie Dobbs is a highly sought-after author, panelist, and speaker on Medicare, teaching thousands online, in print, and in person! The Founder of Insurance and Other Red Tape, Bonnie is a broker contracted with multiple insurance carriers and has a team of agents licensed in Georgia and many other states. Their services are always free. <a href=\"http:\/\/www.insuranceandotherredtape.com\" target=\"_blank\" rel=\"noopener\">www.insuranceandotherredtape.com<\/a><\/em>\r\n<h4><\/h4>\r\n<h4 style=\"text-align: center;\"><strong>If you or an aging loved one is considering <a href=\"\/senior-care-services\/transitional-care\"><em>Elder Care Services in Roswell GA,<\/em><\/a>\u202f please contact the caring staff at CaraVita Home Care today. <a href=\"tel:7706431712\"><em>(770) 643-1712<\/em><\/a><\/strong><\/h4>","protected":false},"excerpt":{"rendered":"Medicare annual enrollment is Oct 15 to Dec 7 each year. Due to the many changes, please contact a broker immediately to get on the calendar for your review or change.","protected":false},"author":8,"featured_media":3335,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[8],"tags":[76,66],"class_list":["post-3319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-caravita-home-care-news","tag-caravita-home-care-news","tag-elder-care-rosewell-ga"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Elder Care: Major Changes for Medicare 2025<\/title>\n<meta name=\"description\" content=\"Elder Care: Medicare annual enrollment is Oct 15 to Dec 7 each year. 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