2024 Part D Plan Changes 

The fleecing of Americans while feeding Big Parma 💯

Nicely done. Explains well how Part D coverage works. Best I've seen yet.

Very informative and great visual explanation! Thank you!

I found this really helpful. So much so that I’m going to print out the slides from the presentation. I am on an oral chemotherapy drug that costs $22,500 PER MONTH which means I will be in and out of the coverage and into catastrophic coverage in January, 2024. Five percent might sound like not very much but since July, 2023 I have been paying the 5% every month. Needless to say: the IRA is a god-send. Thanks for breaking it all down.

Well presented, Thanks!

Thank you for answering a question I've had for years... my tier 1 and 2 drugs did not generate a "deductible" situation just a co-pay and I never understood why. Good info in this video

I must point out you totally ignored the $545 deductible in your illustration of annual costs. That increases every year and what is the expectation regarding “substantial” increases by the insurance industry going forward to make up the difference they apparently will be losing by the $2000 cap on out of pocket expenses? This should not be ignored and you should include these costs in your illustration slide much like you did in your initial slide to show “true” projected annual costs. The rising deductible costs might very well eliminate any real savings in total “out of pocket” costs. It is hard to imagine the pharmaceutical industry just giving up revenue so easily.

I agree with @robward155, I think it's important to discuss Biden's Inflation Reduction Act and how the out of pocket cap going forward is obviously being thwarted by these greedy insurance companies. This is a loop hole that needs to be closed!!!

I am in the catastrophic stage by the second month. It will help seniors to apply for the extra help from SS if single income is $22.000 and $30.000 married.

I have earned a lot now. Thanks. What I am really interested in now is how does that affect the amounts that the insurance companies get from the Federal Government.

Understanding the complete pictures of health care and coverage is a must, but for all seniors that don’t have any ways to understand is the saddest to have in their lives and they have much more complications between illnesses,diseases in addition to being lost, confused to this whole “Medicare” either we are stuck or reached dead ends it’s a double kill!

Provided detail information which is very helpful to everyone. Thanks for sharing.

Do you have a link to that chart in your video with the 4 stages of drug plan? Thank you

Oh, the happy sexy senior couple walking on the beach ...

I hope this rule works for all combined drugs being taken and not per drug. Is that correct?

May I ask you why "Member Pays" Cell in December shows $300 when it should be zero as it is already over $8000 in Catastrophic Coverage?

So if u have all my meds as generic, how much is my premium and what's the cost per meds as generic, tnx.

Those that are expensive drugs you will need prior approvals with inferior drugs because they wont approve the drug you need.. this isnt like regular insurance out of pocket. Most elderly dont get the meds they really need because they cant afford them.

Will Medicare still cover 90 day prescriptions in 2024?

Thank you for doing this video explaining the way the 4 stages of part D work. I haven’t seen anyone else explain this so clearly. I’ve always been on tier 1 generics, so it’s never been an issue. But I will be starting a very expensive new drug and will be in stage 4 by March. The drug is not even in most formularies yet although FDA approved, so it is hard to use the Medicare plan finder tool to find the best plan for 2024. Otherwise, my current plan works the best for my other meds. Maybe the best option is to stick with the same plan since I will be in stage 4 regardless of the plan.

There's a problem with the language which has confused many people, including customer representatives from Part D insurance plans. The deductible DOESN'T apply to the tier 1 and tier 2 drugs in some plans, BUT the cost of the tier 1 and tier 2 DOES apply to the deductible. The cost of ALL drugs in all tiers is the "TOTAL cost of drugs". That total is what is used to determine whether the cost of tier 3,4,5 drugs is covered.

What a Racket, my bp medication costs Less than the coverage I will be forced to buy to avoid penalities. My god you would hafto be a politician to think this is kosher.

Great video…I’m just sad I have to watch it 😂

Have to get the drug plan even if you don’t take prescription drugs otherwise you’re penalized if you ever do need to take them

I’m confused

Senior Advisors calls me 5 times a day and won't stop. Innappropriately harrasing and lack integrity. Should be illegal. No amount of asking them to stop calling has worked. I am not doing business with an unethical group who's relentlessly harrassing seniors.