Medicare's Part D 2025 Overhaul: Huge Prescription Cost Changes! Pharmacist Explains All

Medicare's 2025 overhaul brings changes to prescription drug coverage that could save seniors thousands of dollars. Dom the Pharmacist breaks down the 5 biggest changes coming to Medicare Part D, including the elimination of the coverage gap ("donut hole") and a new $2,000 out-of-pocket spending cap. Learn about the new Medicare Prescription Payment Plan that allows monthly installments, changes to deductibles, and how these updates affect your prescription costs. Perfect for seniors, caregivers, and anyone helping loved ones navigate Medicare prescription coverage. Understanding these changes helps you maximize your prescription drug benefits with Medicare Part D coverage. Don't miss out on these significant Medicare updates that could put more money back in your pocket.

SUPPLEMENTAL VIDEO LINKS:
Medicare Enrollment Fact Sheet: https://www.cms.gov/files/document/20...
Learn more about "Extra-Help": https://www.ssa.gov/medicare/part-d-e...
Apply for "Extra-Help" Program: https://www.ssa.gov/medicare/part-d-e...
Compare Medicare Health/Drug Plans: https://www.medicare.gov/plan-compare...
Medicare 2025 Handbook: https://www.medicare.gov/publications...

CHAPTERS:
00:00 - Introduction
00:45 - Change 1: Maximum Deductible Increase
01:39 - Change 2: Demolition of Coverage Gap
04:10 - Change 3: Reduction of Yearly Spending Threshold
05:15 - Change 4: Medicare Prescription Payment Plan
07:20 - The "Low-Income Subsidy"/"Extra-Help" Program
08:42 - Change 5: Project Insurance Changes to Recoupe Losses
10:57 - Medicare Annual Enrollment Period and Deadlines

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Legal Disclaimer: The content in this video (including text, graphics, images, and information) is intended for informational purposes, and may not be applicable to individual circumstances, therefore it is not a substitute for professional medical advice, diagnosis or treatment. Any actions taken based on the information provided in this video are done so at the viewers own risk. Consult with your healthcare provider(s) regarding any medical/health concerns for personalized diagnosis and treatment options.