Part D Out of Pocket Limit Reduced to $2000 in 2025: Part D Premiums Could Rise
Category: Medicare
August 28, 2024 — People enrolled in Medicare Part D and Medicare Advantage are getting some really good news, and some not so bad news. The biggest changes will go into effect in 2025. They were made possible by the Inflation Reduction Act of 2023, which passed without any Republican votes.
Here is the good news for Medicare recipients:
Comments on "Part D Out of Pocket Limit Reduced to $2000 in 2025: Part D Premiums Could Rise"
Admin says:
One interesting development for me. Currently I get my Eliquis (one of the expensive drugs negotiated downward) from the VA at nominal cost. Before that I was paying around $1500 a year with my Part D copays. Starting next year the VA cost to me and that of Part D will probably be similar. This is a good thing!
Mike says:
Quoted from Medicare's September 27 announcement:
Average Part D premiums are projected to decrease.The projected average total Part D beneficiary premium is projected to decrease by $7.45 in 2025, from $53.95 in 2024 to $46.50 in 2025. This Part D average premium does not reflect the Part D premium reductions MA plans with prescription drug coverage apply using MA rebate dollars to further decrease the cost of prescription drug coverage in joint MA and Part D plans. The average stand-alone Part D plan total premium is projected to decrease from $41.63 in 2024 to $40.00 in 2025 (a decrease of $1.63).
After the application of MA rebates, which reflects what people in MA plans with prescription drug coverage will actually pay, the average MA plan with prescription drug coverage Part D total premium is projected to decrease from $15.56 in 2024 to $13.50 in 2025 (a decrease of $2.06).
These averages reflect the cost of Part D coverage for people with Medicare who pay full premiums. These numbers do not include the over 14 million people with Medicare who have a $0 premium through the Extra Help program (also referred to as the Low-Income Subsidy program)
Jennifer says:
I just got a notice from my Part D plan which is AARP United Healthcare that my deductible has gone up, however, my premium is $0.00. per month down from forty cents this year! I just need to be sure that all my tier 1 medication is covered. I order my Tier 3 Medication from Canada.