Unfortunately, I will not be selling Prescription Drug Plans (PDPS) during the 2025 Annual Enrollment Period from October 15th – December 7th due to negative consequences of the Biden-Harris “Inflation Reduction Act” regarding PDPS.
It is imperative that you watch this video to understand what is happening so you can make the best choices for 2025.
Video Overview:
In 2025, Medicare will undergo some of the most significant changes in a generation. Changes will include the following: a $2,000 limit on out-of-pocket Part D drug costs, an opt-in payment plan, changes to Medicare Advantage plans, and will require Insurance companies to pay a much larger percentage of prescription drugs cost.
This is going to be a chaotic enrollment period because nothing like this has ever happened in Medicare since the inception of Medicare Part D in 2006. If you have a PDP, it is imperative that you compare and shop your plan on the Medicare.gov website. There are many positives about the changes, but these changes have created a negative environment for insurance agents who help their clients with Medicare.
Here are some of the unintended negative consequences of the new legislation:
Come mid-October, I will follow up with more details on plans available for you in 2025.
