Medicare Basics

ORIGINAL MEDICARE 2024

• Part A Deductible = $1632
• Part B Premium = $174.70
• Part B Deductible = $240
• Part D Enter Gap “Donut Hole” = $5030
• Part D Gap Coinsurance = 25%
• Part D Exit Gap = $8000

 

ORIGINAL MEDICARE 2025

• Part A Deductible $TBA (To Be Announced)
• Part B Premium $ TBA
• Part B Deductible $ TBA
• Part D Maximum out of pocket after deductible = $2000

 

KEY QUESTIONS YOU NEED TO ANSWER to be prepared for our agents who will be able to properly search plan options for you.

NEW TO MEDICARE (AGING IN AT 65 on an individual/family plan)

1. What doctors must be in your network?
2. What Rx drugs must be in the drug formulary?
3. What is your monthly budget for premium costs besides your Part B premium?

NEW TO MEDICARE (LEAVING A GROUP PLAN and you are over 65)

1. What is the date the group plan will end?
2. Were you paying for Part B premium?
   1. If not, then you will need to contact Social Security and enroll in Part B
3. What doctors must be in your network?
4. What Rx drugs must be in the drug formulary?
5. What is your monthly budget for premium costs besides you Part B premium?

HAVE A MEDICARE ADVANTAGE OR SUPPLEMENT PLAN seeking to make a change.

1. What doctors must be in your network?
2. What Rx drugs must be in the drug formulary?
3. What is your monthly budget for premium costs besides you Part B premium?

IMPORTANT WEBSITE LINKS

Social Security and Medicare