November 29, 2022

Health

Its all about the Health

Medicare and the Inflation Reduction Act Explained

2 min read

The Inflation Reduction Act has passed the Senate and House and was signed into law by the president. The legislation includes provisions that will cap costs on Part D plans, allow negotiated prices for expensive medications, provide 100% coverage on Part D vaccines, and more.

In this video, we will explain everything you need to know about the Inflation Reduction Act and its impact on Medicare beneficiaries.

Start (0:00)
Changes you will see to Part D in 2023 (1:09)
Better vaccine coverage under Part D (1:53)
Drug manufacturers and inflation penalties (2:49)
What to expect in 2024 (3:13)
Premium increase cap imposed (4:33)
Low-Income Subsidy expansion (5:03)
The $2,000 Part D cap in 2025 (5:47)
Negotiated drug prices starting in 2026 (6:35)

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#inflationreductionact #inflation #medicare

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