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In this video, Marvin Musick explains how the Inflation Reduction Act is set to impact Medicare Prescription Drug Coverage in 2025. For those facing high out-of-pocket prescription expenses, the new Medicare Prescription Payment Plan will provide relief by allowing payments to be spread throughout the year. Marvin will walk you through how this plan works and what it means for your healthcare costs.
00:00 Introduction
00:36 Major Part D Changes
03:01 The 3 Phases for 2025
06:50 How The Payment Plan Works
09:00 How The Payment Plan Works: High Cost
13:27 How The Payment Plan Works: Low Cost
17:45 How The Payment Plan Works: Enrolling Mid-Year
22:57 Medicare Prescription Payment Plan
25:27 Who This May Not Be The Best Option For
