U.S. Senator Joe Manchin has announced that the open enrollment period for Medicare has begun and it will be open through Dec. 7. This year, seniors are able to choose Medicare plans with new cost-saving benefits that were included in Senator Manchin’s Inflation Reduction Act.
To find out more about Medicare Open Enrollment, and how a person can change one’s own plan or work with the seniors in one’s life to get them on Medicare, go to https://www.medicare.gov/basics/get-started-with-medicare.
“Thanks to the Inflation Reduction Act, seniors are saving money on their healthcare,” said Manchin. “I encourage all seniors and others eligible for Medicare to take the time to compare coverage options and choose plans that best meet your health needs. Medicare is a lifeline for thousands of West Virginians, and I will continue to strengthen Medicare and lower healthcare costs.”
Starting in January 2024, thanks to the Inflation Reduction Act, prescription drug costs will be more affordable:
- Seniors and other Part D enrollees will have their out-of-pocket drug costs capped at about $3,500 next year, and all enrollees will have their costs capped at $2,000 in 2025.
- Low-income seniors and disabled people will be able to get extra help paying for their premiums and cost-sharing through the expanded Low Income Subsidy program.
- Lastly, many Medicare beneficiaries will continue to save hundreds of dollars on their healthcare costs because the price of insulin is capped at $35 per month and recommended vaccines are free.