Significant Medicare Changes for 2025 Announced

Medicare beneficiaries face new drug cost caps, expanded dementia support, and the end of telehealth coverage for some services.

Medicare Part D plans will introduce a $2,000 annual cap on out-of-pocket drug costs starting in 2025.
The new GUIDE program will provide enhanced support for dementia patients and their caregivers, including a 24/7 support line and up to $2,500 for respite services.
Medicare will discontinue coverage for telehealth visits under Traditional Medicare unless the patient is in a rural area, while Medicare Advantage plans may still offer this benefit.
Medicare beneficiaries are advised to review their coverage options carefully during Open Enrollment due to potential changes in plan formularies, deductibles, and copays.
The Inflation Reduction Act has initiated several of these changes, aiming to reduce costs for beneficiaries but potentially leading to adjustments in plan offerings by insurers.