Medicare’s open enrollment period for 2025 runs from October 15 to December 7. This is the time for beneficiaries to review their Part D and Advantage plan options as significant changes are coming. With adjustments to formularies, premiums, deductibles, and more, it’s essential to review your plan to avoid unexpected costs in the new year. Notably, out-of-pocket pharmacy spending will be capped at $2,000, and the coverage gap, or “donut hole,” will be eliminated. Beneficiaries should pay close attention to their Annual Notice of Change (ANOC) for details on plan changes and take advantage of available counseling services.
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