Employee Benefit News November 27, 2023
The Inflation Reduction Act was supposed to make Medicare cheaper. But in at least one way, it appears to be doing the opposite.
As 2023 comes to an end, seniors across the country are finding out what their premiums will be for Medicare Part D, the part that covers prescription drugs, in 2024. And many have learned their bills will be much higher next year.
“Significantly more expensive premiums will come as a shock to the millions of retirees enrolled in Medicare Part D plans who … may have been anticipating lower costs with the introduction of the Inflation Reduction Act,” said Ron Mastrogiovanni, president of HealthView Services, a company that projects health care costs for wealth managers.
Medicare is...
Today's Sponsors
Today's Sponsor