Beginning in 2025, a new cap on prescription drugs is expected to benefit 61,359 Alabamians who have Medicare drug plans, according to a new report by AARP.
Thousands of senior citizens in Alabama are expected to save money on prescription medication costs beginning next year, according to a new report.
Beginning Jan. 1, the prescription drug provision will place an annual limit of $2,000 on the amount of money people enrolled in the Medicare Part D plan pay for out-of-pocket prescription costs.AARP of Alabama serves more than 400,000 members, age 50 and older, in the state. More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Williams, listing other measures included in the Inflation Reduction Act.
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