Tag: 000 cap on copayment

Good Riddance Medicare Donut Hole!

Squared Away Blog by Kimberly Blanton

August 23, 2022

Medicare’s donut hole is the bane of existence for retirees with expensive medications. They will get substantial relief in 2025, when the Inflation Reduction Act, signed by President Biden last week, will cap all retirees’ annual drug copayments at $2,000. Monthly drug plan premiums are not included in this cap. The cap will effectively eliminat…

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