In this video, we’re diving into the Medicare Prescription Payment Plan (M3P), a new program that allows Medicare beneficiaries to spread out high prescription drug costs into more manageable monthly payments starting in 2025. With the upcoming $2,000 out-of-pocket cap on Medicare Part D and Medicare Advantage drug plans, it’s essential to know how this payment plan works and whether it’s right (or wrong) for you.
What You’ll Learn in This Video:
- What the Medicare Prescription Payment Plan (M3P) is and how it works
- Who qualifies for the M3P and how it can benefit those with high-cost medications
- Key details on costs, eligibility, and enrollment
- Practical examples to help you decide if enrolling in the M3P is your best option
- M3P Termination
Video Timeline:
0:00 - 1:05 - Introduction
1:06 - 4:05 - What is the M3P?
4:06 - 8:46 - Who is eligible for the M3P?
8:47 - 11:24 - How to enroll in the M3P
11:25 - 13:36 - How this program actually works
13:37 - 15:09 - M3P Example Number 1
15:10 - 18:46 - M3P Example Number 2
18:47 - 21:10 - M3P Example Number 3
21:11 - 23:20 - M3P Example Number 4
23:20 - 27:25 - Payment Plan Termination
By watching this video, you’ll gain insights on managing out-of-pocket prescription drug costs and understand when opting for the M3P might make your pharmacy expenses more affordable. We’ll walk you through examples, address misconceptions, and share tips to help you make an informed decision for 2025.
If this information is helpful, please like, subscribe, and share with friends and family who might find it valuable. And don't forget to leave any questions or experiences in the comments!
🌐 Visit our website to connect with us or another broker licensed in your state!: [ Ссылка ]
📖Video Sources:
[ Ссылка ]
[ Ссылка ]
[ Ссылка ]
[ Ссылка ]
