BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VEVENT DTSTART:20241106T174500Z DTEND:20241106T190000Z X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:Lunch & Learn: Medicare Changes in 2025 DESCRIPTION:As a result of the Inflation Reduction Act of 2022 big changes are happening to Medicare in 2025. Most of these changes will affect the cost of prescription drugs and affect Part D plans as well as Medicare Advantage plans that include prescription drug coverage. Whether you're new to Medicare\, already enrolled in a plan\, or just want to get a head start on learning about Medicare\, you'll want to attend this educational Medicare event with David Weil - Medicare Solutions. Bring your lunch\, and your questions!\n\n\n\nDiscussion topics include:\n\n Removal of Coverage Gap (Donut Hole)\n\n Effective 1-1-25\, there are now only 3 Stages to a drug plan: Deductible: Initial Coverage\; Catastrophic Coverage \n Lower Maximum Out-of-Pocket Prescription Drug costs (now $2\,000)\n\n In 2024 Medicare members were required to hit an $8\,000 out-of-pocket max on prescription drug expenses before entering the Catastrophic stage. For 2025 the out-of-pocket maximum is now $2\,000. \n New Prescription Payment Option (Can now spread payments out over plan year) Medicare members with Part D coverage can spread their prescription drug out-of-pocket costs into monthly payments over the course of the plan year. This provision will not lower prescription drug costs\, but will make it more manageable until one reaches the $2\,000 out-of-pocket max. X-ALT-DESC;FMTTYPE=text/html:As a result of the Inflation Reduction Act of 2022 big changes are happening to Medicare in 2025. Most of these changes will affect the cost of prescription drugs and affect Part D plans as well as Medicare Advantage plans that include prescription drug coverage. \;Whether you&rsquo\;re new to Medicare\, already enrolled in a plan\, or just want to get a head start on learning about Medicare\, you&rsquo\;ll want to attend this educational Medicare event with David Weil - Medicare Solutions. \; Bring your lunch\, and your questions!
\n
\nDiscussion topics include:\n

Removal of Coverage Gap (Donut Hole)
\n Effective 1-1-25\, there are now only 3 Stages to a drug plan: Deductible: Initial Coverage\; Catastrophic Coverage
Lower Maximum Out-of-Pocket Prescription Drug costs (now $2\,000)
\n In 2024 Medicare members were required to hit an $8\,000 out-of-pocket max on prescription drug expenses before entering the Catastrophic stage. For 2025 the out-of-pocket maximum is now $2\,000.
New Prescription Payment Option (Can now spread payments out over plan year) Medicare members with Part D coverage can spread their prescription drug out-of-pocket costs into monthly payments over the course of the plan year. This provision will not lower prescription drug costs\, but will make it more manageable until one reaches the $2\,000 out-of-pocket max.

\n LOCATION:Northbrook Chamber Office 2002 Walters Avenue. UID:e.355.4668 SEQUENCE:3 DTSTAMP:20260520T102054Z URL:https://business.northbrookchamber.org/events/details/lunch-learn-medicare-changes-in-2025-4668 END:VEVENT END:VCALENDAR