What's Happening
56 minutes ago

Mark Zuckerberg Follows Elon Musk's Footsteps As Meta Reportedly Plans Major Investment Into AI-Powered Humanoid Robots

benzingabenzinga.com
1 hour ago

Do You Know How Long $1 Million Will Last If You Retire At 65? Here's A Hint – Longer Than You're Led To Think!

benzingabenzinga.com
1 hour ago

IRS Reportedly Gears Up To Lay Off Thousands Of Workers Elon Musk's DOGE Looks To Shrink The Tax Agency

benzingabenzinga.com
2 hours ago

TRADEPULSE POWER INFLOW ALERT: PALO ALTO NETWORKS INC. (PANW) MOVES UP OVER 5% AT ITS HIGH AFTER TRADEPULSE ALERT

benzingabenzinga.com
3 hours ago

Jeff Bezos-Backed Anthropic Fights US Proposal Blocking Google From Investing In AI Startups, Says It Would Benefit Rivals OpenAI, Mark Zuckerberg's M...

benzingabenzinga.com
4 hours ago

Trump Administration 'Unlikely' To Support TSMC's Control Of Intel's US Chip Factories: Report

benzingabenzinga.com
4 hours ago

Trump's 'Liquid Gold' Plan: Can He Really Make America Rich Again, or Do Oil Giants Hold the Real Power?

benzingabenzinga.com
5 hours ago

Elon Musk's Government Gig Has No Salary, No Job Title, And Plenty of Power

benzingabenzinga.com
6 hours ago

Russell Vought Orders Pause On All CFPB Activity, Critics Say This Gives Corporations 'The Green Light To Scam Families'

benzingabenzinga.com
6 hours ago

$1000 Invested In Super Micro Computer 15 Years Ago Would Be Worth This Much Today

benzingabenzinga.com
7 hours ago

'We're Going To Find Billions' – Trump Targets Pentagon For Deep Spending Cuts

benzingabenzinga.com
7 hours ago

Here's How Much You Would Have Made Owning Meta Platforms Stock In The Last 10 Years

benzingabenzinga.com
7 hours ago

If You Invested $1000 In This Stock 15 Years Ago, You Would Have This Much Today

benzingabenzinga.com
7 hours ago

Here's How Much You Would Have Made Owning Regeneron Pharmaceuticals Stock In The Last 15 Years

benzingabenzinga.com
7 hours ago

Here's How Much You Would Have Made Owning American Tower Stock In The Last 20 Years

benzingabenzinga.com
8 hours ago

$100 Invested In Cencora 5 Years Ago Would Be Worth This Much Today

benzingabenzinga.com
8 hours ago

Here's How Much $1000 Invested In FTAI Aviation 5 Years Ago Would Be Worth Today

benzingabenzinga.com
8 hours ago

5 Stocks That Could Suffer With Canadian Tariffs

benzingabenzinga.com
8 hours ago

Vontier Stock: A Deep Dive Into Analyst Perspectives (5 Ratings)

benzingabenzinga.com
8 hours ago

4 Analysts Have This To Say About Palomar Hldgs

benzingabenzinga.com

5 2025 Medicare Changes Every Retiree Should Know

A new year often means adjusting to a new health insurance plan with a different set of benefits and costs. Those on Medicare aren’t exempt from this. Original Medicare’s cost and coverage change annually. This affects how much you pay and the type of supplementary insurance you may want.

Ideally, you reviewed these changes during the annual enrollment period that ran from Oct. 15, 2024 to Dec. 7, 2024. But if not, here are the major updates you ought to know as we head deeper into 2025.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. See the 10 stocks »

Smiling person having their blood pressure taken in a doctor's office.

Image source: Getty Images.

1. Cost increases for Parts A and B

Original Medicare’s premiums and deductibles went up in 2025. The Part A annual deductible increased from $1,632 to $1,676, and the Part B annual deductible rose from $240 to $257.

Most seniors don’t pay a premium for Part A, but they do for Part B. The standard Part B monthly premium rose from $174.70 in 2024 to $185.00 in 2025. However, some high earners could pay as much as $628.90 per month for this coverage. Keep in mind, both parts of Original Medicare also include copays, which could further increase your out-of-pocket costs.

2. $2,000 cap on out-of-pocket prescription drug costs

In happier news, President Joe Biden passed a law limiting out-of-pocket prescription drug costs to just $2,000 annually for Medicare recipients who are enrolled in Part D prescription drug plans. The $2,000 cap includes money that you pay toward your own medications, as well as money that anyone else, including Medicare’s Extra Help program, pays on your behalf.

Once you’ve met your cap for the year, you won’t have any additional copays for your medications for the rest of 2025. This only applies to drugs that are covered under your Medicare Part D plan.

3. Reduced access to telehealth services

In 2024, seniors on Medicare could access telehealth services from anywhere. But in 2025, you generally must be in an office or medical facility located in a rural area to access most telehealth services.

There are some exceptions to this rule for the following:

  • Monthly End-Stage Renal Disease (ESRD) visits for home dialysis
  • Services for diagnosis, evaluation, or treatment of symptoms of an acute stroke
  • Services to treat a substance use disorder or a co-occurring mental health disorder or for the diagnosis, evaluation, or treatment of a mental health disorder
  • Behavioral health services
  • Diabetes self-management training
  • Medical nutrition therapy

You will still be able to use telehealth services for the above reasons from anywhere, even your own home.

4. More resources for caregivers

Beginning in 2025, Medicare will cover the cost of training for caregivers if your healthcare provider determines training is appropriate. Medicare will cover the cost of individual or group training, even if you are not present. The only rules are that your treatment requires a caregiver and the training focuses on teaching skills suited to your needs.

The Medicare Part B deductible and 20% copay applies to these training sessions as they would any other Part B expense.

5. New program for Postal Service employees and retirees

As of Jan. 1, current and former U.S. Postal Service employees are no longer covered under the Federal Employee Health Benefits Program. Instead, they’re covered through a new program known as the Postal Service Health Benefits Program.

Affected seniors should have received an insurance card in the mail, as well as details about the new program and what it covers. If you have any questions about this, particularly regarding how the new program works with Medicare coverage, you can contact your plan carrier.

The above changes may not all apply to you right now, but they’re worth keeping in the back of your mind anyway. If you have any questions about whether a certain treatment or drug is covered, check your plan documents or reach out to the Centers for Medicare & Medicaid Services for clarification.

The $22,924 Social Security bonus most retirees completely overlook

If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $22,924 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after. Simply click here to discover how to learn more about these strategies.

View the “Social Security secrets” »

The Motley Fool has a disclosure policy.

Related Posts

Social Security is an essential piece to most American’s retirement plans. Without their monthly benefits, some 16.3 million seniors U.S, would be living below the

The average retirement age in the U.S. was 62 in 2023, but that number’s been slowly ticking up over time. Rising life expectancies and rising

While the stock market is still thriving, some investors may be feeling wary about the future. Spiking inflation could cause the Federal Reserve to shift

There are plenty of ways to become a millionaire, like starting a successful business, being a professional athlete, or becoming a movie star. For most