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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</title> <meta name="page_title" content="AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025"/> <meta name="robots" content="noindex, nofollow"/> <meta content="AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. 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The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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The savings," name="description"/> <meta content="AARP, Report, 2, 085, Delawareans, on, Medicare, Prescription, Drug, Plans, See, Savings, from, New, Out, of, Pocket, Cap, Starting, January, 2025" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/delaware/aarp-report-millions-of-people-on-medicare-prescription-drug-plans-to-see-savings-from-new-out-of-pocket-cap-starting-january-2025" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/aarp-report-2085-delawareans-on-medicare-prescription-drug-plans-to-see-savings-from-new-outofpocket-cap-starting-january-2025-de-2024-09-03.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025"/> <meta name="twitter:description" content="Out-of-pocket cap for prescription drugs is possible thanks to the 2022 prescription drug law that AARP championed"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/13fee86/2147483647/strip/true/crop/600x386+0+107/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F40%2F8e%2Fc2ad22e2ea9823168e2724659e51%2Frx-drugs-6.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025"/> <meta property="og:description" content="Out-of-pocket cap for prescription drugs is possible thanks to the 2022 prescription drug law that AARP championed"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/13fee86/2147483647/strip/true/crop/600x386+0+107/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2F40%2F8e%2Fc2ad22e2ea9823168e2724659e51%2Frx-drugs-6.jpg"/> :root { --primaryColor: #ff1e3c; --primaryTextColor: #2a2a2a; --linkTextColor: #1f66bd; --linkHoverColor: #1f66bd; --secondaryTextColor: #000000; --secondaryColor2: #000000; --secondaryColor3: #000000; --secondaryColor4: #000000; --secondaryColor5: #000000; --black: #000000; --white: #ffffff; --grey: #f0efed; --gridGutters: 30px; --modulePadding: 60px; --pageWidth: 86.11%; --maxPageWidth: 1240px; --horizontalAlignment: center; --fontFamily: 'Roboto', sans-serif; --headerBackgroundColor:#000000; --headerTextColor:#FFFFFF; --headerHeight:50px; --footerbackgroundColor:#000000; --footerTextColor:#918883; }', 'title_for_layout' => '{local_city_c}, {local_state} Happenings - AARP' ) $content_for_layout = '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</title> <meta name="page_title" content="AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025"/> <meta name="robots" content="noindex, nofollow"/> <meta content="AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. 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The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.
“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”
Other takeaways from the report include:
The full report and a fact sheet on the findings can be found here.
To learn more about AARP’s work to lower prescription drug prices, visit How High Rx Prices Hurt.
This story is provided by AARP Delaware. Visit the AARP Delaware page for more news, events, and programs affecting retirement, health care, and more.
Tuesday, Oct 1, 2024 at 9:00 a.m. MT
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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</title> <meta name="page_title" content="AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025"/> <meta name="robots" content="noindex, nofollow"/> <meta content="AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. 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The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</title> <meta name="page_title" content="AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025"/> <meta name="robots" content="noindex, nofollow"/> <meta content="AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. 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The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. 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The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</title> <meta name="page_title" content="AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025"/> <meta name="robots" content="noindex, nofollow"/> <meta content="AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. 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The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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$viewFile = '/var/www/vhosts/vcc_staging/app/View/Layouts/aarp_2023.ctp' $dataForView = array( 'content_for_layout' => '<div class="row twoColumnLayout"> <div class="col-md-8 left-rail"><div class="module clearfix"><div class="ar-basic-box"> <div> <div class="module-spacer"> <header><h1 class="article-headline">AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</h1></header> <div class="posted-on"> Posted on 09/03/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p>AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</title> <meta name="page_title" content="AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025"/> <meta name="robots" content="noindex, nofollow"/> <meta content="AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. 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The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.<br><br>“AARP was instrumental in Congress passing the prescription drug law of 2022 to lower prices and out-of-pocket costs for Medicare enrollees,” said Jo Ann Jenkins, CEO of AARP. “As we approach January 2025, we want every senior in America to know that, thanks to the new annual cap which limits their out-of-pocket costs, they will have more money to invest in their families, spend on their broader health needs or simply save to achieve greater financial stability.”<br><br>Other takeaways from the report include:<br><br></p><ul><li>Between 3 and 4 million Part D plan enrollees are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029.</li><li>On average, approximately 1.4 million (40 percent) Medicare drug plan enrollees who reach the new out-of-pocket cap between 2025 and 2029 are estimated to see annual savings of $1,000 or more, and just over 420,000 (12 percent) will see savings of more than $3,000.</li><li>By 2029, the share of enrollees benefiting from the new out-of-pocket cap is estimated to be 10 percent or higher in 19 states plus the District of Columbia.</li><li>More than three-quarters of Medicare drug plan enrollees who will benefit in 2025 are between the ages of 65 and 84.</li></ul><p>The full report and a fact sheet on the findings can be found <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/pri/topics/health/prescription-drugs/medicare-part-d-out-of-pocket-spending-cap-prescription-drug-costs/" target="_blank" rel="noopener noreferrer">here</a></span></span>.<br><br>To learn more about AARP’s work to lower prescription drug prices, visit <span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="https://www.aarp.org/politics-society/advocacy/prescription-drugs/" target="_blank" rel="noopener noreferrer">How High Rx Prices Hurt</a></span></span>.<br></p><div class="Enhancement" > <div class="Enhancement-item"><figure class="Figure" data-alignment="center"> <img src="https://aarp-states.brightspotcdn.com/40/8e/c2ad22e2ea9823168e2724659e51/rx-drugs-6.jpg" alt="Rx drugs" width="600" height="600"/> </figure> </div> </div><p></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Delaware. Visit the <a href="https://states.aarp.org/region/delaware/" target="_blank">AARP Delaware</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p> </div> </div><div class="module clearfix"><script src="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.c85a242a55150cd195e494cd6e5b9c77.gz.js" async=""></script> <link rel="stylesheet" media="all" href="https://aarp-states.brightspotcdn.com/resource/00000168-dd17-d487-a96e-df5fe3ee0000/styleguide/All.min.bfe6eb5a8301841feef3af4e9bd1e26d.gz.css"> <!-- bypass --> <style> a:focus, a:hover { text-decoration: underline; } h1.article-headline { margin: 0 0 1rem; } </style> <!-- <style> .Enhancement-item .Figure { margin-bottom: 24px; } .RichTextArticleBody-body ul { margin-bottom: 24px; } .RichTextArticleBody-body p{ margin: 12px 0; } .RichTextModule-items { clear: both; display: table; width: 100%; margin-bottom: 12px; } .VideoEnhancement>* { color: var(--primaryTextColor); 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} </style> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_93505" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_93505', size:'300x250'}); } </script> </div> </div> <div class="module-spacer text-center"> <div class="fb-page" alt="Image of AARP South Dakota Facebook Page" title="Image of AARP South Dakota Facebook Page" data-href="https://www.facebook.com/AARPSouthDakota" data-tabs="timeline" width="320" height="" data-small-header="false" data-adapt-container-width="true" data-hide-cover="false" data-show-facepile="true" lazy="true"> <blockquote cite="https://www.facebook.com/AARPSouthDakota" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/AARPSouthDakota">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP<br />South Dakota</h2> </header> <div class="wrap"> <div class="ar-quick-list module-spacer"> <ul class="list-unstyled"> <li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:SDAARP@aarp.org" target="_blank" rel="noopener">SDAARP@aarp.org</a></li> <li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/south-dakota/" target="_blank" rel="noopener">AARP South Dakota</a></li> <li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/contact-aarp-south-dakota/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-KADOKA-SD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/AARPSouthDakota" target="_blank" rel="noopener" aria-label="Open Facebook"><img alt="Facebook icon" title="Facebook icon" src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png"></a> <a href="https://twitter.com/aarpsd" target="_blank" rel="noopener" aria-label="Open Twitter"><img alt="Twitter icon" title="Twitter icon" src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png"></a> </div> </div> </div></div> <div class="col-md-8 left-rail left-bot"></div> <div class="col-md-4 right-rail right-bot thin-rhs"></div> </div> <div class="row oneColumnLayout"> </div> <div class="row oneColumnLayout"> <div class="col-md-12"><!-- script to activate navbar --> <script type="text/javascript"> jQuery(".channelBarMain ul.left li a").click(function() { window.location = jQuery(this).attr('href'); }); </script> </div> </div> ' $scripts_for_layout = '<title>AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025</title> <meta name="page_title" content="AARP Report: 2,085 Delawareans on Medicare Prescription Drug Plans to See Savings from New Out-of-Pocket Cap, Starting January 2025"/> <meta name="robots" content="noindex, nofollow"/> <meta content="AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. 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