Big Changes Coming to Medicare Part D and Medicare Advantage

Big Changes Coming to Medicare Part D and Medicare Advantage

Medicareresources.org, an online resource for consumers, advises seniors to pay close attention to their mail leading up to the annual Medicare open enrollment period, which begins on October 15.

Why it matters: Many seniors may discover that their current Medicare plans are ending or that benefits and costs are shifting due to new federal rules. They also will learn that their Part D prescription drug coverage – which 80 percent of Medicare beneficiaries have – will cap out-of-pocket costs at $2,000 in 2025.

What they’re saying: “Big changes are coming for many Medicare beneficiaries, and in some cases, people will need or want to enroll in a new plan,” said Louise Norris, a health policy analyst for medicareresources.org and author of “Medicare Open Enrollment 2025 Guide.”

  • “So, it’s more important than ever to pause before tossing out what you think is junk mail,” says Norris. “A deluge of Medicare-related mail is on its way, and it won’t all be marketing promotions from insurers.
  • Pay close attention to mail from Medicare and your current plan provider.”

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.