Each year, Medicare’s open enrollment happens October 15th-December 7th. According to the Centers for Medicare and Medicaid Services (CSM), more than 67 million Americans are enrolled in Medicare, between traditional Medicare and Medicare advantage. This year may be harder for many seniors choosing a plan. A few of the biggest changes to take effect in 2025 are highlighted below. For the first time, out-of-pocket covered prescription drug costs will be capped annually at $2,000 on Part D plans. The $2,000 cap does not include premiums. More than 80% of traditional Medicare participants buy a Part D plan. According to AARP, the cap will have a ripple effect on Part D and Medicare Adva
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