As we look ahead to 2025, it's crucial to stay informed about the upcoming changes in Medicare that could impact your healthcare decisions. At Stevens & Associates, we're dedicated to guiding you through these updates, ensuring that you're prepared and well-informed.

Major Changes on the Horizon

The year 2025 could usher in some of the most significant changes in Medicare's history. These updates are designed to enhance your coverage and ensure your healthcare needs are met efficiently. Here's a closer look at what to expect:

Medicare Part B Premiums

Anticipate a slight increase in Medicare Part B premiums due to rising healthcare costs. While the official figures haven't been released yet, projections suggest a stable trend compared to other health insurance options. Stay tuned for the official announcement.

Medicare Part B Deductible

Many are curious about potential changes to the Medicare Part B deductible. As of now, there's been limited discussion, indicating that the deductible may remain stable, as it has historically.

Focus on Medicare Part D

For those who rely on prescription medications, changes in Medicare Part D are particularly important. The Inflation Reduction Act introduced an $8,000 out−of−pocket maximum for medications in 2024, marking a first in Part D history. In 2025, the Centers for Medicare and Medicaid Services will implement a new $2,000 annual out-of-pocket maximum for covered medications, providing significant relief for individuals with high prescription drug expenses.

New Payment Plan Option for Medicare Part D

In 2025, beneficiaries will have the option to make monthly payments throughout the year, covering total beneficiary exposure by year-end. Insurance companies can't cancel your coverage due to missed payments on these payment plans, but they may send you to creditors, potentially affecting your credit.

Our Commitment to You

At Stevens & Associates, we're here to help you navigate these changes. Our team of experts is ready to assist you in understanding how these updates might impact your coverage each year. Additionally, our client advocate team acts as a concierge for all existing clients, managing interactions with doctors, insurance companies, pharmacies, and even Medicare.

Stay Informed

Keep an eye out for more updates, and feel free to reach out to us with any questions or for assistance with your Medicare plans. We're here to support you every step of the way.