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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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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'); 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The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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'); 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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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; 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}); </script> </div> </div> ', 'scripts_for_layout' => '<title>NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</title> <meta name="page_title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="robots" content="noindex, nofollow"/> <meta content="Savings Possible Thanks to the Prescription Drug Law Championed by AARPA new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug" name="description"/> <meta content="NEW, AARP, Report, Impact, of, Historic, Medicare, Rx, Out, Pocket, Spending, Cap, on, Maryland, Seniors" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/maryland/md-rx-cap" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/new-aarp-report-impact-of-historic-medicare-rx-outofpocket-spending-cap-on-maryland-seniors-md-2024-08-28.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="twitter:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta property="og:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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'); 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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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/annapolis-md/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/annapolis-md/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Annapolis</h2> <h2 class="hidden-lg">AARP Events for Annapolis</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-maine-fraud-watch-with-phil-and-pam-december-12th-2024-pjnhqrck99p.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FRAUD-WATCH-WITH-PHIL-AND-PAM-TOP-FIVE-HOLIDAY-SCAMS">Fraud Watch with Phil and Pam: Top Five Holiday Scams</a></h2> <p class="time">Thursday, Dec 12, 2024 at 10:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/we-need-to-talk-virtual-seminar-121224-f6ns3npl4m7.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AGING-AND-DRIVING-WE-NEED-TO-TALK-VIRTUAL-SEMINAR">Aging and Driving: ‘We Need to Talk’ Virtual Seminar</a></h2> <p class="time">Thursday, Dec 12, 2024 at 11:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-low-impact-cardiostrength-training-class-online-co-1031-12122024-28n3l8vmx3d.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-LOW-IMPACT-CARDIOSTRENGTH-BUILDING-SERIES">Low Impact Cardio/Strength Building Series</a></h2> <p class="time">Thursday, Dec 12, 2024 at 11:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/annapolis-md/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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>NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</title> <meta name="page_title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="robots" content="noindex, nofollow"/> <meta content="Savings Possible Thanks to the Prescription Drug Law Championed by AARPA new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug" name="description"/> <meta content="NEW, AARP, Report, Impact, of, Historic, Medicare, Rx, Out, Pocket, Spending, Cap, on, Maryland, Seniors" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/maryland/md-rx-cap" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/new-aarp-report-impact-of-historic-medicare-rx-outofpocket-spending-cap-on-maryland-seniors-md-2024-08-28.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="twitter:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta property="og:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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'); 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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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; 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--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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. 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Savings Possible Thanks to the Prescription Drug Law Championed by AARP
A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.
The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.
“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”
Other findings from the report include:
“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.
To learn more about AARP’s work to lower prescription drug prices, visit How High Rx Prices Hurt.
# # #
About AARP
AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org/about-aarp/, www.aarp.org/español or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.
This story is provided by AARP Maryland. Visit the AARP Maryland page for more news, events, and programs affecting retirement, health care, and more.
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$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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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'); 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The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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>NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</title> <meta name="page_title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="robots" content="noindex, nofollow"/> <meta content="Savings Possible Thanks to the Prescription Drug Law Championed by AARPA new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug" name="description"/> <meta content="NEW, AARP, Report, Impact, of, Historic, Medicare, Rx, Out, Pocket, Spending, Cap, on, Maryland, Seniors" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/maryland/md-rx-cap" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/new-aarp-report-impact-of-historic-medicare-rx-outofpocket-spending-cap-on-maryland-seniors-md-2024-08-28.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="twitter:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta property="og:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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>NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</title> <meta name="page_title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="robots" content="noindex, nofollow"/> <meta content="Savings Possible Thanks to the Prescription Drug Law Championed by AARPA new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug" name="description"/> <meta content="NEW, AARP, Report, Impact, of, Historic, Medicare, Rx, Out, Pocket, Spending, Cap, on, Maryland, Seniors" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/maryland/md-rx-cap" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/new-aarp-report-impact-of-historic-medicare-rx-outofpocket-spending-cap-on-maryland-seniors-md-2024-08-28.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="twitter:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta property="og:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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>NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</title> <meta name="page_title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="robots" content="noindex, nofollow"/> <meta content="Savings Possible Thanks to the Prescription Drug Law Championed by AARPA new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug" name="description"/> <meta content="NEW, AARP, Report, Impact, of, Historic, Medicare, Rx, Out, Pocket, Spending, Cap, on, Maryland, Seniors" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/maryland/md-rx-cap" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/new-aarp-report-impact-of-historic-medicare-rx-outofpocket-spending-cap-on-maryland-seniors-md-2024-08-28.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="twitter:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta property="og:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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>NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</title> <meta name="page_title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="robots" content="noindex, nofollow"/> <meta content="Savings Possible Thanks to the Prescription Drug Law Championed by AARPA new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug" name="description"/> <meta content="NEW, AARP, Report, Impact, of, Historic, Medicare, Rx, Out, Pocket, Spending, Cap, on, Maryland, Seniors" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/maryland/md-rx-cap" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/new-aarp-report-impact-of-historic-medicare-rx-outofpocket-spending-cap-on-maryland-seniors-md-2024-08-28.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="twitter:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta property="og:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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>NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</title> <meta name="page_title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="robots" content="noindex, nofollow"/> <meta content="Savings Possible Thanks to the Prescription Drug Law Championed by AARPA new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug" name="description"/> <meta content="NEW, AARP, Report, Impact, of, Historic, Medicare, Rx, Out, Pocket, Spending, Cap, on, Maryland, Seniors" name="keywords"/> <link rel="canonical" href="https://states.aarp.org/maryland/md-rx-cap" /> <meta property="og:url" content="https://vccstaging.local.aarp.org/news/new-aarp-report-impact-of-historic-medicare-rx-outofpocket-spending-cap-on-maryland-seniors-md-2024-08-28.html"/> <meta name="twitter:card" content="summary_large_image"/> <meta name="twitter:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta name="twitter:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta name="twitter:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.jpg"/> <meta property="og:type" content="article"/> <meta property="og:title" content="NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors"/> <meta property="og:description" content="A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts"/> <meta property="og:image" content="https://aarp-states.brightspotcdn.com/dims4/default/614ac1f/2147483647/strip/true/crop/4156x2672+0+56/resize/420x270!/quality/90/?url=http%3A%2F%2Faarp-brightspot.s3.amazonaws.com%2Fstates%2Fec%2F2d%2F0c812d0d33edc84f8463d5f9c258%2Fistock-76653533-large.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">NEW AARP Report: Impact of Historic Medicare Rx Out-of-Pocket Spending Cap on Maryland Seniors</h1></header> <div class="posted-on"> Posted on 08/28/24 </div> </div> <div class="module-spacer"> <span class="blog-content"><p><div class="RichTextArticleBody"> <div class="RichTextArticleBody-body"><p><b><i>Savings Possible Thanks to the Prescription Drug Law Championed by AARP</i></b><br><br>A new AARP report shows an estimated 66,282 Marylanders on Medicare prescription drug plans will see savings, thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.<br><br>The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.<br><br>“AARP fought hard for the prescription drug law of 2022 because we knew it would provide crucial relief for Medicare enrollees here in Maryland and across the country by lowering drug prices and out-of-pocket costs,” said Hank Greenberg, state director of AARP Maryland, which serves more than 805,000 members age 50 and older in the state “Knowing they won’t pay a dime over $2,000 next year – maximum – for prescription drugs they get at the pharmacy gives Maryland seniors on Medicare drug plans some peace of mind as they struggle to keep up with rising costs for other everyday essentials like housing, groceries and utilities.”<br><br>Other findings from the report include:<br></p><ul><li>Between 3 and 4 million Part D plan enrollees nationwide are estimated to benefit from the new out-of-pocket cap every year between 2025 and 2029, including 66, 282 here in Maryland.</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, including Maryland, 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>“Limiting how much seniors on Medicare drug plans pay for prescription drugs every year builds on other new and important cost-saving measures, such as capping insulin co-pays at $35 a month and making many vaccines, such as shingles and pneumonia, free,” said Greenberg.<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><br></p><p class="cms-textAlign-center"># # #</p><p><b><u>About AARP</u></b><br><i>AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/about-aarp/" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/about-aarp/</i></a></span></span><i>, </i><span class="Enhancement" ><span class="Enhancement-item"><a class="Link" href="http://www.aarp.org/espa%C3%B1ol" target="_blank" rel="noopener noreferrer"><i>www.aarp.org/español</i></a></span></span><i> or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.</i></p></div> </div> </p></span> </div> </div> <p><i>This story is provided by AARP Maryland. Visit the <a href="https://states.aarp.org/region/maryland/" target="_blank">AARP Maryland</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); font-size: 13px; font-weight: 400; line-height: 1.4; font-style: italic; background: #f0efed } @media only screen and (min-width: 768px) { .VideoEnhancement>* { font-size:14px; font-weight: 400; line-height: 1.47 } } .VideoEnhancement-title { padding: 20px } @media only screen and (min-width: 768px) { .VideoEnhancement-title { padding:30px } } .VideoEnhancement-player>* { position: relative; width: 100%; height: 0; padding-bottom: 56.25% } .VideoEnhancement iframe { border: 0; position: absolute; top: 0; left: 0; width: 100%; height: 100% } [data-video-player] { display: block; padding-bottom: 56.25%; height: 0; margin: 0 auto; } [data-video-player][data-aspect-ratio="4x3"] { padding-bottom: 56.25%; } [data-video-player][data-aspect-ratio="16x9"] { padding-bottom: 56.25% } </style> --></div><div class="module clearfix"><div class="module-spacer tout-homefit-750"> <a data-formelementid="CSN-LOCAL-HC-NEWSSK-02272024" href="/annapolis-md/home-and-community/?intcmp=CSN-LOCAL-HC-NEWSSK-02272024"><img class="img-responsive" alt="Explore the free AARP HomeFit Guide" title="Explore the free AARP HomeFit Guide" src="https://cdn-aarp.americantowns.com/img/touts/HomeFit_750x150.png"></a> </div></div></div> <div class="col-md-4 right-rail thin-rhs"><div class="module clearfix"><!--default--> <!-- module_RHS - AARP Events --> <div class="ar-basic-box module-spacer"> <header> <div class="pull-right"> <a href="/annapolis-md/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS"> <img style="width:30px;" src="https://cdn-aarp.americantowns.com/img/template/icons/aarp_event_icon.png" alt="Upcoming AARP Events" /> </a> </div> <h2 class="visible-lg">AARP Events for Annapolis</h2> <h2 class="hidden-lg">AARP Events for Annapolis</h2> </header> <div class="wrap"> <div class="ar-listing snippet"> <ul class="list"> <li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-maine-fraud-watch-with-phil-and-pam-december-12th-2024-pjnhqrck99p.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-FRAUD-WATCH-WITH-PHIL-AND-PAM-TOP-FIVE-HOLIDAY-SCAMS">Fraud Watch with Phil and Pam: Top Five Holiday Scams</a></h2> <p class="time">Thursday, Dec 12, 2024 at 10:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/we-need-to-talk-virtual-seminar-121224-f6ns3npl4m7.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-AGING-AND-DRIVING-WE-NEED-TO-TALK-VIRTUAL-SEMINAR">Aging and Driving: ‘We Need to Talk’ Virtual Seminar</a></h2> <p class="time">Thursday, Dec 12, 2024 at 11:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li><li class="item" data-pageindex="1"> <h2 class="title"><a href="/aarp-event/aarp-co-virtual-low-impact-cardiostrength-training-class-online-co-1031-12122024-28n3l8vmx3d.html" data-formelementid="LOCAL-BTN-CLK-EVENTS-LOW-IMPACT-CARDIOSTRENGTH-BUILDING-SERIES">Low Impact Cardio/Strength Building Series</a></h2> <p class="time">Thursday, Dec 12, 2024 at 11:00 a.m. ET</p> <p class="venue">Zoom</p> <p class="loc">Online Event</p> </li> </ul> <p><a class="link-red" href="/annapolis-md/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p> </div> </div> </div> <div aria-hidden="true" class="aarpe-ad-wrapper"> <div class="aarpe-ad en clearfix" id="300x250_53475" data-adsize="300x250"> <script type="text/javascript"> if(typeof AARP.ads !== 'undefined'){ AARP.ads.slots({ id:'300x250_53475', size:'300x250'}); } </script> </div> </div> <div class="card-tout card-dark membership-tout" style="margin:0 0 30px 0;"> <img class="img-responsive image" title="image of two AARP membership cards" alt="image of two AARP membership cards" src="https://cdn-aarp.americantowns.com/img/tout-two-cards.png"> <div class="title">Only $12 your first year with Automatic Renewal</div> <ul class="list"> <li>Immediate access to your <a href="https://www.aarp.org/benefits-discounts/">member benefits</a></li> <li>Discounts on travel and everyday savings</li> <li>Subscription to AARP The Magazine</li> <li>FREE second membership</li> </ul> <div class="action"> <a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Join AARP</a> <div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-ANNAPOLIS-MD">Renew</a> or <a href="https://www.aarp.org/benefits-discounts/my-membership/print-your-card/">Print Card</a></div> </div> </div> <style> .membership-tout {padding:16px 20px;} .membership-tout .list li { margin: 0; } </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 Maryland Facebook Page" title="Image of AARP Maryland Facebook Page" data-href="https://www.facebook.com/aarpmd" 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/aarpmd" class="fb-xfbml-parse-ignore"><a href="https://www.facebook.com/aarpmd">Facebook</a></blockquote> </div> </div> <div class="ar-basic-box module-spacer"> <header> <h2>Contact AARP <br />in Annapolis</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:MDAARP@aarp.org" target="_blank" rel="noopener">MDAARP@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/maryland/" target="_blank" rel="noopener">AARP Maryland</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/aarp-maryland-contact-information/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-ANNAPOLIS-MD" target="_blank" rel="noopener">Contact Us</a></li> </ul> </div> <a href="https://www.facebook.com/aarpmd" target="_blank" rel="noopener" aria-label="Open Facebook"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png" alt="Facebook icon" title="Facebook icon"></a> <a href="https://twitter.com/AARPMD" target="_blank" rel="noopener" aria-label="Open Twitter"><img src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/x-logo-black.png" alt="Twitter icon" title="Twitter icon"></a> <a href="https://www.instagram.com/aarpmd/" target="_blank" rel="noopener" aria-label="Open Instagram"><img src="https://cdn-aarp.americantowns.com/img/icon-ig.png" alt="Instagram icon" title="Instagram icon" style="height: 49px;"></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'); 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