Monica Baker, Medicare Insurance Agent
About Me
Hey there, my name is Monica, and I am your local Medicare advisor and agent. I specialize in Medicare and am devoted to helping you find the best plan that matches your specific needs and financial situation. I will take care of the daunting task of comparing plans from well-known national and local companies for you. Even better, my services are completely free! Contact me today to explore your Medicare options, and be sure to mention that you found me on Medicare Agents Hub!
Q&A with Monica Baker
So I heard something about Medicare drug costs being capped at $2,000 in 2025. Is that really happening or just talk?
Answer: Yes, This took effect in 2025 thanks to the Inflation Reduction Act, there is a $2,000 annual cap on out-of-pocket prescription drug costs for most seniors with Medicare Part D, which means after reaching $2,000, the plan pays 100% for covered drugs for the rest of the year, with the cap increasing slightly to $2,100 in 2026