Alliance for Aging Research

Thank you for joining us in our efforts to help Medicare beneficiaries and their loved ones better understand new benefits to their plans. Recently, Congress made changes to Medicare Part D to help beneficiaries manage out-of-pocket costs and better afford their medications. In 2025, there will be an annual out-of-pocket maximum, or limit, on the amount Medicare Part D beneficiaries will have to pay. In 2025, the maximum amount a Part D beneficiary will have to pay for their medications over the calendar year is $2,000.

A second new benefit called the Medicare Prescription Payment Plan allows beneficiaries to opt into a payment option to spread out costs—up to the new $2,000 maximum limit—into monthly installments, with no interest or fees. So instead of paying the total out-of-pocket costs for a prescription medication at the pharmacy counter, or wherever one gets their prescriptions, that cost can be spread out into smaller monthly payments over the year. It doesn’t cost anything to take advantage of this payment option. 

You can use the assets in this toolkit to plug right into your social media platforms in a few simple clicks and share with your audiences/members to help them get the most out of their Medicare benefits this year. Please be sure to tag us in your posts.

Twitter: @Aging_research

Instagram: @agingresearch

Facebook: @Agingresearch