Medicare improvements for 2025

OnTuesday, October 1, new Medicare plans for 2025 will be released. What this means to participants is that as of this date, they are able to sit down with a licensed insurance agent to talk about their options. But, where to begin? 

“It’s important to note that everyone who participates in Medicare is free to make their own choices,” says Marisella Weible, a licensed insurance agent with HealthMarkets Insurance Agency. “They can opt to go it alone, making their selection for the coming year, or they can tap into the knowledge base of someone like me who has spent part of the year reviewing Medicare changes for 2025.”

Marisella suggests calling her office to make an easy, informative appointment to meet with her or one of the members of her team. “That’s where many of our clients like to begin,” suggests Laura Weible, a fellow agent in Marisella’s office as well as her daughter. “It can be overwhelming to sift through the options available to you. But when you schedule a time to meet with one of us, you won’t have to try to figure things out. We’ll provide you with information about important changes and the options available to you to help you find a plan that best suits your needs. Medicare can be challenging to decipher. Some people may understand the changes that apply to them and others may need help understanding plan changes, so we believe it’s best to meet with a licensed insurance agent.”

Medicare Annual Enrollment begins on Tuesday, October 15, and continues through to Saturday, December 7. 

“Many people wait until the enrollment period begins to schedule a time to meet with one of us,” licensed insurance agent Chris Weible, Marisella’s son, says. “That’s perfectly fine, but it can be a busier time as there may be other people interested in reviewing plan changes. If you schedule between October 1 and October 15, it will likely be less busy. You can slow down and take the time to understand your options, then, when the enrollment period begins, you can simply pop in and firm up your choice. We believe it’s important to meet with a licensed insurance agent as we can offer personalized guidance to help those in need of understanding their options. And the best part is, there is no charge for our services.”

Licensed insurance agent John Weible says that some people choose to review their options without guidance because they’re afraid it’s going to cost them more to come to an agent, but that simply isn’t the case. “There is absolutely no cost for our help, and the comfort of knowing you’ve been presented with options that make sense for you can be valuable,” he says.

Medicare Part D Improvements

While the nuances of plans from different carriers may change for 2025, the biggest improvement will be to Medicare prescription drug plans.

In response to the Inflation Reduction Act, for the first time in 2025, all Medicare prescription drug plans (Medicare Part D plans) will offer enrollees the option to pay out-of-pocket prescriptions drug costs in the form of capped monthly installment payments instead of all at once at the pharmacy.*

Additionally, the Centers for Medicare & Medicaid services (CMS) is detailing improvements to the structure of the Part D drug benefit for the coverage year 2025 that will result in lower drug costs for millions of people with Medicare. Annual out-of-pocket costs will be capped at $2,000 for people with Medicare Part D.*

“This change is really significant,” Marisella attests. “Last year the cap was $8,000. The other improvement to Part D means that you can spread the amount you have to pay over 12 months and handle it in installments, which for some people could be a tremendous advantage.”

Marisella also notes that the out-of-pocket cap for 2025 could impact other aspects of your current Medicare plan, so it’s important to know if your coverage is still the same. 

On the Grow

What started as a one-woman service mission has grown to include the whole family. Since launching her HealthMarkets locations in Parma and North Royalton, Marisella’s team has grown to include her daughter Laura and son Chris. Her husband John recently joined the team as a subagent. 

“We’re really focused on serving these communities, particularly the Spanish-speaking segment,” Marisella shares. “We try to go above and beyond for each client, ensuring they have access to benefits without the barrier of language.”

HealthMarkets is located at 5925 Ridge Road, Suite 2, in Parma. A second office is in North Royalton at 5740 Royalwood. To get started with your free review, call one of the agents listed in the box accompanying this story. 

HealthMarkets Insurance Agency, Inc. is licensed as an insurance agency nationwide except in MA. Not all agents are licensed to sell all products. Service and product availability may vary by state. Agents may be compensated based on enrollment. No obligation to enroll. 51503-HM-1024 *Source: CMS.gov/inflation-reduction-act-and-medicare.