Prescription Drugs
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New Medicare Benefits & Changes Starting Jan 1, 2024
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2024 will bring some positive changes and expanded Medicare benefits. Below is a summary of some of these changes with references for more information. You can also view your 2024 Medicare & You handbook for more information. Prescription Drug Savings Starting January 1, 2024, if you have Medicare drug coverage (Part D) and your out-of-pocket…
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Inflation Reduction Act Lowers Costs for Drug Prices Rising Faster Than Inflation
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One of the many goals of the Inflation Reduction Act (IRA) is to reduce prescription drug costs for millions of American seniors and their families. This is already being accomplished in a variety of ways such as, capping insulin costs to $35/month, expanding free vaccine coverage, lowering costs by requiring Medicare to negotiate drug prices…
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Medicare Covers RSV Vaccine
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Autumn brings many great things, such as crisp, cool nights, falling apples, pumpkin harvests and turning leaves. It also brings the beginning of cold and flu season. One way to help prevent sickness and stay healthy is to make sure you’re up-to-date with your vaccines, especially the flu shot and any COVID-19 boosters, which are…
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First 10 drugs selected for Medicare’s Drug Price negotiation program
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Last summer, President Biden signed the Inflation Reduction Act of 2022 (P.L. 117-169) into law. This law makes many improvements to Medicare by expanding benefits, lowering drug costs, and improving the sustainability of the Medicare program for generations to come. The law provides meaningful financial relief for millions of people with Medicare by improving access…
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Understanding New Rules Regarding Insulin Costs & Rights to Switch Plans
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One of the many good provisions in the Inflation Reduction Act of 2022 (IRA) is the cap on out-of-pocket costs for all insulin drugs. The IRA limits out-of-pocket costs to no more than $35 per 30-day insulin prescription under all Medicare drug prescription plans. Plans also cannot charge a deductible for insulin. This means that a…
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