Maximize Your Medicare Drug Savings in 2025

https://bit.ly/medicare-drug-savings-2025 Are you on Medicare? Do you know someone on Medicare? If yes, listen up. There are huge good news changes taking effect in January 2025 to reduce your prescription costs. Medicare Part D enrollees’ out-of-pocket spending on prescription drugs will be capped at $2,000. This is due to a provision in President Biden’s 2022 Inflation Reduction Act, that AARP championed, and is a significant step towards lowering prescription drug prices for the nearly 55 million Medicare Part D enrollees. A new AARP report shows that 94% of enrollees expected to reach this cap will see an average saving of $2,500 in 2025 nationwide. The report also analyzes state-level data, showing that Part D enrollees will see lower out-of-pocket costs averaging $2,500 or more in 22 states. We want to welcome back to the Show our expert, Leigh Purvis. She is AARP’s Prescription Drug Policy Principal, where she heads the organization’s work on prescription drug issues and is a recognized expert on prescription drug pricing and coverage. Her work focuses on improving prescription drug affordability and accessibility for older adults. Purvis has testified before Congress and state legislatures on behalf of AARP and speaks frequently on a wide variety of prescription drug-related issues. See omnystudio.com/listener for privacy information. If you're enjoying the Show, it would mean the world to us if you took a second to leave a five star review on YouTube, Apple Podcasts, or Spotify, or wherever you're listening to us. It helps more people find the show and lets us know we're on the right track. We thank you in advance Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices