Episode 7: How Medicare Drug Plans Work in 2025
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Episode 7: How Medicare Drug Plans Work in 2025
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Medicare 2025 Drug Plan Changes: What You Need to KnowIn this episode of Medicare GPS, hosts Jamon and Paula White, founders of Four Oaks Medicare Planning, discuss the significant changes to Medicare drug plans in 2025 due to the Inflation Reduction Act. They elaborate on the introduction of a $2,000 out-of-pocket max for Part D drug plans, how insurance companies are dealing with increased financial burdens, and the elimination of the coverage gap phase. Additionally, they offer insights into special needs plans for chronic conditions, share a success story, and provide practical tips for navigating the new Medicare changes. Make sure to like and subscribe for more updates and visit their vlog for further details!
00:00 Welcome to Medicare GPS
00:26 Medicare Drug Plan Changes in 202502:51 Understanding the New Phases of Prescription Drug Plans
05:39 Navigating the $2,000 Out-of-Pocket Max
07:16 Medicare Advantage Open Enrollment Period
10:52 Special Needs Plans for Chronic Conditions
14:00 Inspiration and Health Resolutions14:44 News and Updates
15:34 Closing Remarks and Next Episode Preview