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Changes Take Effect on the Date Manulife Financial Head Office Receives This Form

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hey everyone so in this video I'm going to go over the Medicare changes for 2025 and the bulk of the changes are coming in to Medicare prescription drug plans Part D or the drug plan part of the Medicare Advantage plans there is a ton of changes when it comes to prescription drugs but there's also changes with Part B and several other changes with Medicare plans so let's start out with the first change uh that's going on with Medicare and that is the $22,000 annual maximum out of pocket now in the past several years the maximum out of pocket uh for the past probably 10 or 15 years it's been upwards of $6,000 $7,000 for most of these um prescription drug plans and they have now narrowed it down to $2,000 now one of the things about this that people are asking is okay so if they narrow if they bring down the total cost of the prescription drugs what are they going to do as far as making up for that money and that is yet to be seen most of the thing

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