Inflation Reduction Act Medicare changes taking effect in 2025: 5 things to know

Becker's Healthcare December 31, 2024
Rylee Wilson

Two major Medicare changes signed into law in the Inflation Reduction Act will take effect in 2025.

Here are five things to know about the changes coming in 2025:

1. Beginning in 2025, out-of-pocket costs for prescription drugs for Medicare beneficiaries will be capped at $2,000 annually.
2. The changes led to higher premiums bids from Part D plans. The average bid for Part D plans increased 179% from 2024 to 2025, according to the Congressional Budget Office.
3. In August, CMS pitched a plan to stabilize premiums. Most plans opted...

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