757-692-8388
Just The Facts
What's Changing In Your Medicare Plan for 2025?
Driving changes for Medicare 2025 is the Inflation Reduction Act of 2022.
Plans being affected are Medicare advantage (MAPD) and prescription drug plans (PDP).
Medicare advantage and PDP clients, YOU can expect:
-
Higher prescription drug plan premiums.
-
Higher deductibles going from $545 to $590.
-
More use of coinsurance (a % of the costs) and higher copays.
-
Narrower drug formularies and more step therapy or prior authorization.
-
Donut Hole elimination.
-
Out-of-pocket costs capped at $2000.00.
-
Push to increase generic drug utilization.
Keep an eye out for annual letters from your insurance company arriving mid to late September. Please open them this year and see what changes are coming for you.
Its time to start looking at your situation and decide if you need a review. If so, please call and leave a message 757.692.8388 or email rrish@asb.insure to get on the review list. I will start going through that list after October 2, 2024.
​
Services
Annual Election Period is October 15 - December 7, 2024.
​
This is the time to sign up if you are turning 65 or if you want to make a change to your current plan.
Life Insurance & Annuities can complement each other to guarantee lifelong Financial protection.
​
Retha is an expert in both, she can help you understand and plan for your financial future.
Online prepaid legal services & plans
​
LegalSheild offers a network of experienced lawyers that can help you with your legal needs, such as wills & probate, traffic & accidents, divorce & child custody to name a few.
​
Mission
My purpose is to help pre-retirees plan for a successful retirement.
I offer FREE a review of your Medicare options. Medicare has many parts and I can help you select options that are best for you.
​
I also focus on the transition of your IRA and other company provided benefits such as life insurance and healthcare. The central focus is on deferring income tax and providing a steady income through retirement.
​
I am here to help you design a plan for your retirement by answering any questions and helping you understand all the options available to you and your family.