Tomorrow marks the end of the Medicare Open Enrollment period! This is the final chance for eligible individuals to review and select their Medicare plans for the upcoming year. Thanks to the Inflation Reduction Act, millions of Americans will soon find managing healthcare expenses easier. Starting in January 2025, a new initiative will help Medicare Part D beneficiaries better handle prescription drug costs by allowing them to pay in installments. The program also introduces a significant $2,000 yearly cap on out-of-pocket drug expenses—a major relief for seniors facing high medication costs. Best of all, this benefit comes with no extra charges, interest, or hidden fees.
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