Alliance for Aging Research Releases Educational Film Explaining New Medicare Drug Benefits for Beneficiaries in 2025 | PR Newswire [Video]

, /PRNewswire-HISPANIC PR WIRE/ — The Alliance for Aging Research released an educational film — in English and Spanish — for Medicare beneficiaries with Part D plans about two new benefits coming in 2025, both aimed at making their prescription medications more affordable:

• A maximum limit of $2,000 on out-of-pocket costs ($2,000 in 2025)
• The option to use the new Medicare Prescription Payment Plan

The Medicare Prescription Payment Plan helps beneficiaries spread their out-of-pocket costs into monthly installments with no interest or fees. It doesn’t cost anything to sign up or use this option.

Beneficiaries can sign up with the Part D plans during Open Enrollment — happening now until December 7, 2024 — or at any time during the benefit year.

“Medicare’s new Prescription Payment Plan option will help countless older adults to better afford the treatments they need,” said Lindsay Clarke, Senior Vice President of Health Education and Advocacy at the Alliance for Aging …