Alliance Benefit Consultants’ Post

New Medicare Rules Tackle Prescription Drug Prices. The Inflation Reduction Act of 2022 included provisions intended to lower prescription drug costs for Medicare enrollees and slow drug spending by the fed. govt. According to an estimate by the Congressional Budget Office, the law's drug pricing reforms could reduce the fed. budget deficit by $237 billion over 10 years (2022 to 2031.) #AllianceBenefitConsultants #insurance #resources #Chicagoland

The Inflation Reduction Act brings significant updates, including a $2,000 out-of-pocket cap on prescription drugs and the elimination of the 'donut hole.' But questions remain, such as: Should all members sign up for the M3P (payment plan)? Don't navigate these changes alone. Access our comprehensive toolkit to learn about the important Medicare Part D updates for 2025, and empower yourself with the knowledge needed to protect your clients' health and your book of business: https://loom.ly/eAjcOm0 #MedicarePartD #AEP #HealthInsurance

💊 Save Money on Your Prescription Drugs with Medicare! 🌟 If you have Medicare drug coverage (Part D) and reach the catastrophic coverage phase, you won’t have to pay a copayment or coinsurance. Plus, the Extra Help program now covers more drug costs for those with limited resources and income. Additionally, coinsurance for some Part B drugs may be lower if the drug's price has risen faster than inflation. Learn more at gloriasantana.com 💊 #Medicare #PrescriptionSavings #HealthcareSavings #MedicarePartD #ExtraHelp #SeniorHealth #MedicareBenefits

If you use it right, Medicare is the most powerful tool in the world. But the truth is, most people have no idea how to use it. Here are 3 Medicare tips you probably don't know: 1. MAPD plans (HMO & PPOs) offer comprehensive coverage. 2. Medi-gap plans can fill in the gaps of Original Medicare. 3. PDP plans cover prescription drugs effectively. Let's discuss what's best for you. Share or comment if you found this helpful! Join us on Youtube: https://lnkd.in/gnzafdyQ #Medicare #InsuranceSolutions #StressFree

🔔 Important Update: Medicare Part D & the Donut Hole With major changes to Medicare Part D due to the Inflation Reduction Act, now is the time to review your prescription drug coverage. These updates promise thousands in savings by lowering the cap on out-of-pocket expenses. Even better, the “donut hole,” or coverage gap, will no longer exist—meaning you won’t have to worry about incurring additional costs before reaching catastrophic coverage. This year’s Annual Election Period (AEP), which runs from October 15th to December 7th, is critical. Ensure you’re taking advantage of these changes to help protect yourself from rising prescription costs. 📞 Call us at (877) 406-5160 today to review your plan and ensure you’re making the best choice for your prescription drug needs! #Medicare #MedicareAnnualEnrollment #MedicareHelp #Aevo #AevoServices #MedicareAEP #MedicareAnnualEnrollmentPeriod 

Colleagues across HHS, CMS and beyond have worked tirelessly to make the promise of drug price negotiation in Medicare a reality, and today is a major milestone in that pursuit. Americans of all stripes have agreed for years that we shouldn't be paying more than other countries for the same prescription drugs. Because of President Biden's Inflation Reduction Act--and Vice President Harris's tiebreaking vote to pass it--American taxpayers are expected to save $6 billion on prescription drug costs, and people enrolled in Medicare are expected to save $1.5 billion in out-of-pocket costs in 2026 alone. Years of work, paying off for millions of Americans. HHS release: https://lnkd.in/d2jjBDNq White House fact sheet: https://lnkd.in/dk5g6z_3

Hey Folks! 📣The 2025 Medicare Annual Notice of Change (ANOC) is arriving soon! 💥Take just 30 minutes to review the key updates on your plan. 🔍What to look for: 🚨Changes in premiums or out-of-pocket costs 🚨Adjustments in covered services or prescription drugs 🚨Provider networks that may impact your current doctor or pharmacy access If you notice any major changes, it might be time to consider a new plan. Check out our latest blog with all the tips, changes coming, and how to prepare: 🔗https://okt.to/eUCZu1 Schedule your AEP benefits review with us NOW! 🗓️ https://okt.to/KdHTlF . . #OrnellasInsurance #AEP #Medicare #Seniors #Enrollment #ANOC #HealthInsuranceForSeniors #2025MedicareChanges

There are so many effects of the Inflation Reduction Act that many have not yet considered, and I find it surprising that there is so little in the general press. How can patients be expected to understand what's happening and how it could impact them? This article highlights how people with Medicare prescription drug plans would have seen an increase in their premiums, had the government not implemented a new program to stabilize rates. #IRA #Medicare #healthcare

Big news for Medicare beneficiaries: the federal government is finally negotiating prescription drug prices, which could mean significant savings on essential medications starting in 2026. Curious about which drugs are impacted and how this affects you? Watch the video for all the details and tips on what you need to check in your Medicare plan. #Medicare #PrescriptionDrugs #HealthcareSavings #WatchNow #MedicareUpdates #HealthInsurance #WiseInsurance

This is great news and as a Community Health Worker, Health Promoter, non clinical but understanding my responsibility to help improve the health of my community, more than one person at a time but if even one by one, I am committed to continue educating individuals, explaining in plain language the importance of changes in our daily lifestyle, adherence not only to medication but also to changes under the guidance of medical professionals to reduce or never have to be in need of any of these prescriptions. I am not trying to put any one out of business, just trying to minimize we seeking the quick solution, a pill, a vile, a syrup when we could begin with advocating for self, partnering with the professionals, participate in community education, attend focus groups, listening sessions, health seminars. Seeking the support of family, community, and God to strengthen our will power are steps we can begin to take that will leap us into health. It is not easy, but not impossible to avoid many of the choices which in time, create the avalanche of health challenges we experience to then be in need of prescription drugs to help manage the condition(s). Let’s do this together by rethinking what we choose to eat, what we choose not to do because it is inconvenient, however understanding and with the vision of the price we pay today, sacrificing our flesh, will be rewarded as we grow older because time/age will hand us a high bill, with no option to make down payment that “health” bill. If even one today I speak to, I plead with you to make chances and along the way you will be helping someone make health chances and everyone will benefit. Seek help and learn to advocate for the services that will become guardrails to ensure we stay on track; there are in the community, there are free, there are part of our health coverage regardless of it been government or privately funded. Help us help you in this walk to healthy living, choose to see today what our future could become tomorrow if we don’t stop and rethink it. Minimizing some known health challenges is possible, just commit to live a healthy life; start by walking every day if even your neighborhood or a nearby park, choose to drink water instead of sugary drinks, eat healthier and minimize your eat out/take out, that last one will save us also money, practice positive thinking, and know every problem has a solution. Stay blessed and healthy!