Medicare News & Tips: What’s New In 2025 and How It Affects You

Hey There Medicare Family!

As we roll into 2025, there are a few updates in the Medicare world that are worth keeping on your radar. Whether you’re already enrolled or just starting to explore your options, staying in the loop can help you save money, avoid headaches and get the most out of your coverage.

Let’s Break it down.

1. Medicare Part B Premiums & Deductibles Got a Tweak.

Every year, the Centers for Medicare & Medicaid Services (CMS) adjusts the costs tied to Medicare, and 2025 is no different. The standard Part B premium has seen a slight increase, which might affect your monthly Social Security check. The annual deductible also nudged up a bit

2. Prescription Drug Costs: More Relief Ahead

Big News! The Medicare Prescription Drug Inflation Rebate Program is in full swing. This means drug companies are now limited to how much they can raise prices year to year, and that’s good news for your wallet. In addition, the Medicare Prescription Payment Plan went into effect, which allows you to spread your prescription costs out rather than having to pay all at once.

3. Watch Those Enrollment Dates!

For those just turning 65 or first becoming eligible be aware of your enrollment time line to avoid any late enrollment penalties as well as your options if working past 65. Remember the Medicare Annual Enrollment Period runs from October 15 – December 7 each year. Mark your calendars now and try to avoid waiting until the last minute.

Got Questions? Let’s Chat.

Remember Medicare is not a one size fits all, and the smallest changes can have a big impact on your coverage and costs. If you are unsure what these updates mean for you, Lets connect, I am here to help make Medicare simple, clear and stress free.