Navigating Changes in Medicare Drug Plans: What You Need To Know
Medicare is making some changes to its Prescription Drug Plans (PDPs) and Medicare Advantage Prescription Drug (MAPD) plans this year. Via Benefits Insurance Services is here to help you understand what the changes could mean for you.
For more information, refer to the Plan Annual Notice of Change (ANOC) letter sent to you in September, or contact your insurance carrier.
Medication Costs
For 2025, you’ll benefit from a $2,000 cap on annual out-of-pocket prescription medication costs, which include deductibles, copays, and coinsurance.
Drug Coverage
Insurance companies review their formularies, or preferred drug list, annually. These reviews can sometimes lead to changes in how certain medications are covered. If a prescription drug you currently take is affected, you will be notified by your plan.
Pharmacy Choices
PDPs and MAPD plans may adjust their pharmacy networks, which may affect where you can fill your prescriptions.
Via Benefits helps you navigate the ever-changing health coverage landscape
As your health coverage ally, Via Benefits Insurance Services empowers you with the confidence needed to make an informed decision about your health coverage — and possibly save money.
One valuable resource we offer you is Coverage Checkup, a comprehensive coverage recommendation tool designed to compare your current plan with others offered and provide you with a personalized plan recommendation during Open Enrollment. That way you can confidently navigate this year’s expected changes to many PDP and MAPD plans.
Creating and keeping your Profile information up to date is essential for Coverage Checkup to accurately compare plans for you.
Act now to create or update your Profile!
Sign into my.viabenefits.com.
Select Go to Profile in the Profile section.
Enter or confirm your information in the Personal Information and Health Information tabs.
Check your results starting October 15, 2024
Once Open Enrollment begins, sign into my.viabenefits.com to get your Coverage Checkup results instantly.
Once you’ve made your decision, you can save time by enrolling online.
There’s no need to call us to confirm your recommendation results. Coverage Checkup provides you with the information and insights you need so you can confidently and securely enroll online.