Many Medicare health care coverage and cost changes are on the way; Nebraskans advised to be careful as scams are on the rise
OMAHA, Nebraska – After the Inflation Reduction Act was signed into law, there would be numerous changes to health care coverage and costs.
The Inflation Reduction Act, which was signed into law by President Biden, includes provisions to reduce the cost of prescription prescriptions, such as cancer medications, blood thinners, and insulin.
Medicare is all that Kurt Fricke deals with as an independent insurance agent with Helping Hands for Senior Plans. Keeping insulin expenses low, according to Kurt, is crucial.
“Insulin will go to $35 even though the gap and all that it’s just a flat $35 for your insulin, it states its suppose to cover all of them,” said Fricke.
Medicare recipients are anticipated to benefit the most from the new law. However, when the president signed the measure into law, the major cost-saving modifications to prescription pharmaceuticals did not go into force, and it will be a few years before the majority of changes take effect.
“In 2026 they’re going to start picking off the top 50 highest drugs to negotiate with pharmacies to get the prices lower, cause I’ve had some clients taking injections that’s $25,000 a month,” said Fricke.
These negotiations will last until 2029. In 2025, the rule limiting Medicare beneficiaries’ out-of-pocket spending on prescription medications to $2,000 goes into effect.
The new law immediately extends subsidies for those who purchase health insurance through the Affordable Care Act through 2025; these subsidies were slated to expire this year.
All of this can be very complicated, so seniors and Medicare recipients must be aware and extremely cautious.
“I’m sure this is going to happen, watch out for scams people are going to call up and say ‘hey we’re with Medicare this is what’s coming down the road give us your Medicare number,’ Medicare will never ever call you don’t fall for a scam, please don’t fall for a scam,” said Fricke.
Protect your Medicare card as if it were a credit card. Medicare will never call you or visit your home to sell you anything.
Call 1-800-633-4227 if you believe someone is attempting to scam you or if you are a victim of a Medicare scam.