Medicare Premiums and Deductibles Increase in 2024
Every year, Medicare premiums and deductibles change. In turn, this impacts Medicare Part A, Part B, and Part D. The Donut Hole coverage limit is also affected. Listen now to find out more!
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How to Stay Out of The Donut Hole or Not Get In as Soon!
- Visit www.medicare.gov when selecting a Medicare Part D plan, whether it is your first time or changing during Medicare’s Annual Enrollment Period in the fall. This is an accurate way to view the cost of drugs, which Part D Prescription Drug plan meets your needs, and pharmacy that is most cost effective.
- Talk to your primary care and specialty doctors about which brand name drugs can be changed to generics.
- Get samples from your doctor.
- Search various prescription drug programs such as GoodRx or Single Care for inexpensive prescription drug cost. HEB, Wal-Mart, Kroger and Costco also have discount prescription drug plans. To get their discounted price, you only need a prescription from your doctor.
- Contact the Texas A&M Medication Assistance Program at 866/524-1408 for extra help. This organization has saved over $64 million dollars helping people receive expensive brand-name prescriptions at affordable prices when they cannot afford the Part D cost for them.
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Originally published December 13, 2023
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