BREAKING: Biggest Change To Medicare Part D since 2006 - LIVE EVENT + Q & A

Medicare's Part D Benefits are getting better than ever. What does this mean for your drug plan through your employer plan? For this weeks LIVE EVENT I'm going to reveal this impact, what it means for you, and how you can be prepared for the future.

After we cover this big change, I'm going to answer your questions about Medicare or Social Security. So get your questions ready for tonight!

I'll see you there!

[brianfolding]

Only the federal government could make such an entangled mess with our money... and while I'm at it, might I suggest the government drastically lowers its spending cap?

[MWS]

I’m a diabetic for 42 years and on an insulin pump. Insulin is crazy expensive, but on Medicare there’s a max of $35 per month. My pump supplies are plan B, so they are not an issue. I plan on getting everything to cover my healthcare as I hate surprises of the American Healthcare system. I worked for AT&T for 34 years and good old Randall Stephenson did away with healthcare up until 65..if you retired prior to 65 with AT&T. AT&T have a Medicare plan through UHC with a max out of pocket of $900 and a premium of $100 a month. However I’ll pay the difference to be on Medicare through the government, understanding AT&T makes changes when their stock starts to struggle.

[caseyjones]

Such a confusing subject so clearly explained. Thank you Medicare School.

[KathyTaylor-gdnv]

Virginia. Thank you Marvin for all you have done to help me as I turn 65 next month. Huge blessing!

[Colt-iiqn]

I got on plan G last year listening to Marvin. Very happy, thank you Sir 🙏🏻

[msdeb]

So basically, if you don’t come close to the donut hole, you will just pay more for your Part D and not have any benefit from the new rules?

[mikem]

Very educational ... and very appreciated.

[Realroyrogers]

My grandfather retired from a Telco, they were paying for his medicare and part D, he has been notified that due to the inflation reduction act he will have start paying $300 a month Plus the $500 deductible plus the $2000 maximum, he is not happy, I pretty sure he is done with who he's been voting for and his union buddies are done too.

[phillipstephens]

This is NOT true. I keep hearing insulin is capped at $35. But not where I live. My insulin costs about $110-120. My drug plan with Humana pays $20 and I pay $93. Furthermore Humana will NOT let me have insulin EVEN IF I PAY THE FULL PRICE MYSELF. As far as I'm concerned if they pay nothing they have no right to stop me from buying it but they do exactly that. Recently my mother died in another town and I went up there for the funeral. I took my insulin in its boz with me just in case. I stored it in my mother's refrigerator and at the end of the day after I got home I realized I had forgotten my insulin. My doctor phoned a refill in to the pharmacy and ehen I went to pick it up the pharmacy told me I couldn't get the refill because Humana said it was too soon. I figured if I paid for it all (the extra $20) and didn't involve the insurance at all it should be okay. But what I ran into was that even though I offered to cover it all by myself, Humana still would not let the pharmacy fill the prescription. I'm still furious about that. What right do they have to control a prescription they are not even paying for? To me it should be me, the doctor and the pharmacy and the insurance should have no say in it!!

[petgranny]

Thank you for all the information. Supplemental Blue Cross has been really good. They even reached out to my eye dr to help them bill it correctly.

[lindabunce]

Do all Part D plans allow generics in Tier 1 & 2 not to be subject to the deductible?
Hopefully, they don't start subjecting generics to the deductible.

[jeffandvickipeters]

Seems those who don't use any prescribed meds, will now have to pay the $420 if in 2024 we pay no monthly premiums, boo !

[lindabunce]

You say these changes are very good. If the pharmaceutical companies stay real and not use these changes to increase profits then it'll be OK. Marvin, are you aware that just under 2% Part D participants actually end up over $2000/year. In that there are over 50 million participants, if premiums, co-pays and/or what medications will be subject to the deductible in 2025....then it may or may not be a wonderful thing as those will affect 50 million people.

[teams]

I already receive social security. I turn 65 in November 2025. When do I sign up for Medicare Supplement Plan G with no underwriting?

[daleolson]

This is still garbage. We all deserve medical coverage with out all the loop holes. Give us the same insurance the house of representatives and congress has.

[christinachiapetta]

Who is responsible for sending the credible coverage letter pertaining to employer drug plan? The employer or the insurance company?

[UncleDavesKitchen]

Don't forget to update your Social Security log in requirements.

[ggjr]

FEHB has added part D drug plans starting in 2024. The Postal Service will have it too. I believe it will actually be required for Postal Service retirees to receive drug benefits under the new Postal Service retiree plans.
PS FEHB is adding Advantage plans to their offerings although I’m not sure they’ve added them for 2024.

[juliebutler]

On my plan, I pay 40 cents a month. I dont use pills or shots, Im well because of my very low carb diet. Thats the key.

[janmetcalf]

How do these changes impact “creditable plans” for those who wish to delay Medicare so they can keep making HSA contributions ?