Medicare Enrollment Deadline Nears Amid Key Updates

As the Medicare open enrollment period approaches its December 7 deadline, experts emphasize the importance of reviewing and adjusting plans to fit individual needs. Various sources, including Kathy Gage of 1Source Insurance and Whitney Stidom from eHealth, stress that not all plans are equal and suggest consulting trusted advisors to navigate the complexities of Medicare options and potential savings. Humana representatives highlight the necessity of reconsidering current plans during this period to ensure they meet one's health and financial needs. Meanwhile, changes set for 2025, such as a cap on out-of-pocket prescription costs and the option for monthly payments, offer future financial relief for enrollees. Patient advocates and pharmaceutical companies also await the reauthorization of the FDA's priority review vouchers, crucial for encouraging drug development for rare pediatric diseases, with a deadline looming on December 20.