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Medicare CHANGES Coming! | Inflation Reduction Act Impact on Seniors


✔️ Our site: (Secure) ✔️ ⬇ : ⬇ (click SHOW MORE) 🎬 MOST POPULAR VIDEOS: 🔔 Subscribe for more free info: 🎥 IN THIS EPISODE → The “Inflation Reduction Act” From 2021: Very in-depth review by Kaiser Famly Foundation Chapters in today’s video: 00:00 introduction and our background 01:00 Impact on those Under 65 years old 03:00 Impact for those on Medicare 05:55 2023 - Insulin 07:21 2023 - Inflation protection 08:08 2023 - Vaccines Covered 09:30 2024 - Catastrophic Coverage Gone 10:50 KFF Explanation of Max out of Pocket 13:33 Detail of Spending Cap 16:45 Using Rx Discount Cards 19:39 What is a max out of pocket? 20:27 2024 - Extra Help Change 22:04 How to Apply for Extra Help/Low Income Subsidy 23:00 2024 - Premium Increase Limit 24:58 2025 - $2,000 Cap on Costs 25:23 2025 - Negotiated Drug Prices 29:40 Summary of All Changes Implementation Timeline: 2023 - Drug companies must pay rebates if current drug prices rise faster than inflation Adult vaccines covered under Part D are at no cost. Insulin is capped at $35 per month. Vaccines to be covered: 2024 - Eliminating the 5% coinsurance for catastrophic coverage under Part D. This essentially caps out-of-pocket spending in 2024 to approximately $3,250. Expands income eligibility for Low-Income Subsidies for full help under Extra Help (150% FPL) Begins limit on Part D monthly premiums to no more than 6% per year, through 2029 2025 - Adds $2,000 out-of-pocket cap in Part D 2026 - 10 Medicare Part D drugs can be negotiated by Medicare 2027 - 15 more Part D drugs can be negotiated by Medicare | Drug Rebate Rule under Trump admin repealed 2028 - 15 more Part D and Part B drugs can be negotiated by Medicare 2029 - 20 more Part D and Part B drugs can be negotiated by Medicare 🔗 LINKS for Extra Help / Low Income Subsidy ? ( ) ( - ): ( )? , ? ? (Note, Supplements do not ever change, but the market does and we might save money.) 👍🏻 HELPFUL LINKS - ? ? ? ? , ? : If you know anyone with a plan decision to make, please have them . 1-800-729-9590 We can't help everyone, but we certainly try! Thank you! Christopher Westfall​ #medicare #medicaresupplement #medicareadvantage...(read more)


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