Fortune April 22, 2024
It may be months before the calendar flips to 2025, but not for Medicare. The Centers for Medicare & Medicaid Services (CMS), which runs the program, just announced two major changes for 2025 you’ll want to know about. Next year, Medicare will also dramatically alter the maximum amount beneficiaries will need to pay out-of-pocket for their covered medications.
Here’s the lowdown on these three ways Medicare will operate differently in 2025 and what they’ll mean for you.
1. A crackdown on agents and brokers who sell three types of Medicare policies
Currently, salespeople sometimes get incentives like exotic vacations and hefty bonuses when they enroll Medicare beneficiaries into private insurers’ Medicare Advantage plans (alternatives to Traditional Medicare) or Medigap (Medicare...
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