Mary Alice Reporting – Insulin, vaccines, and out-of-pocket costs are some of the changes Medicare recipients will see this year.
AARP discussed what individuals can expect within their coverage as Medicare is for those 65 and older and those younger with a disability.
About 2.4 million Ohioans are enrolled in a plan and Senior Director of Health Care Costs and Access Leigh Purvis says three big fluctuations are happening this year.
“Medicare beneficiaries who whose insulin will now have a monthly cap on their out-of-pocket costs of $35. Drug companies that increase their prices faster than inflation will be penalized, which is a really big important change because a lot of brand name drug companies have increased their prices much faster than inflation for a very long time.”
The final benefit is those enrolled will have access to free recommended vaccines, as Purvis notes the insulin cap is positive since roughly 140,000 Ohioans use the therapy.
The enrollment period for Medicare is over, as it runs from October 15th to December 7th, but AARP encourages those eligible, during that time period, to review their plan.
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