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How Medicare Part D Works (2024)

Part D now has a cap on drug costs in 2024 (when you reach the Catastrophic phase). Since this video released, Medicare launched the website www.lowerdrugcosts.gov, confirming a slightly higher cap of about $3,500 in potential drug costs in 2024. Not too far off from the $3,300 estimate mentioned by Kaiser Family Foundation. And then in 2025 the cap is $2,000...plus no DONUT HOLE! See more details at: https://bit.ly/partddrugphases Inflation Reduction Act of 2022 impact on Part D: www.lowerdrugcosts.gov Kaiser Family Foundation article: Changes to Medicare Part D in 2024 and 2025 -- https://www.kff.org/medicare/issue-br... --------------------------------------------------------------------------------------------------- Medicare Mindset is devoted to providing education on all things Medicare. We understand the Medicare industry, Medicare enrollment process, parts of Medicare, how to avoid penalties, Medicare coverage, the types of insurance plans available, and more. When it's appropriate to transition to Medicare, our team at The Med Plan Store can help you find the right supplemental medical and drug plans. www.medicaremindset.com | www.medplanstore.com www.facebook.com/medicaremindset www.linkedin.com/company/medicaremindset    / medicaremindset   Medicare Mindset [email protected]