Thank you for attending this session on Medicare Prescription Drug Changes for 2025.

Key Takeaways and Next Steps:

Key Changes:

Out-of-pocket cost cap

Elimination of coverage gap

Medicare Prescription Drug Payment Plan

Important Notes

Annual Notice of Change: Beneficiaries should review for new options
Part D vs. Part B: Cap applies only to Part D prescription drugs, not Part B outpatient services
Opt-in requirement: Beneficiaries must actively enroll in the new payment plan

Action Items:

Effective Date:

All changes take effect on January 1, 2025