🤯 Learn more about this topic HERE: https://www.medicarefaq.com/blog/cms-issues-additional-information-on-medicare-prescription-drug-payment-program/ ➡️ Work with a highly skilled Medicare Advisor today: https://rates.medicarefaq.com/
The Medicare Part D Payment Plan is a monumental program beginning in 2025. Once in place, beneficiaries will be able to make monthly payments on their out-of-pocket drug costs rather than paying up front at the pharmacy.
WE CARE ABOUT YOUR MEDICARE #medicarepartd #partddrugcosts #medicarepaymentplan
SUBSCRIBE: Did you find this video helpful? Subscribe to our channel for more informative Medicare videos! Be sure to hit the bell to be notified when we publish a new video: https://www.youtube.com/@Medicarefaq
CHECK OUT OUR WEBSITE: Our online resource center is built to give you unbiased information regarding your Medicare coverage choices: https://www.medicarefaq.com/
MEDICARE FACEBOOK COMMUNITY: Join our exclusive Medicare Facebook community! Whether you're a current Medicare beneficiary, taking care of a loved one on Medicare, or will be aging into Medicare shortly, this is your sales-free Medicare resource center: https://www.facebook.com/groups/MedicareFAQ
Starting January 1st, 2025, Medicare Part D enrollees can opt for the Medicare prescription payment plan, easing the upfront costs of prescription drugs. This program aims to reduce out-of-pocket expenses when picking up prescriptions, allowing you to break your payments up into smaller monthly payments throughout the year. Though the final program details are pending, the Centers for Medicare and Medicaid Services outlined the framework in August 2023. In this video, we'll cover the draft guidance focusing on plan providers outreach, education and operations. Moving ahead, Medicare Part D carriers must include information about the payment plan in all communication materials, websites, ID cards and mail to enrollees. This will ensure enrollees are informed before its 2025 launch for the Part D Payment Plan program to be a success. Education is key. In addition to Medicare Part D carriers providing information, CMS will release documentation and education on medicare.gov. The Medicare Plan Finder and the 2025 Medicare in You Handbook. While this is a monumental program that will likely benefit thousands of Americans, the program is not for everyone. There are no qualification requirements, but it may not be practical for those with low drug costs or higher incomes. Wondering if the Medicare prescription payment plan is right for you. Keep an eye out for more information in the coming months. We'll keep you informed of any updates. Make sure to like and subscribe and we'll see you in the next video by