DeFi Daily News
Friday, June 20, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Personal Finance

3 Strategies to Manage Rising Costs of Medicare Part D – NerdWallet

Alex Rosenberg by Alex Rosenberg
September 4, 2024
in Personal Finance
0 0
0
3 Strategies to Manage Rising Costs of Medicare Part D – NerdWallet
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


In today’s rapidly evolving world, especially in the realm of healthcare and medication, it has become increasingly evident that a considerable number of adults over the age of 65 are facing significant challenges in adhering to their prescribed medication routines due to financial constraints. According to a revealing study published in 2023 in JAMA Network Open, more than 20% of seniors reported skipping doses or not filling their prescriptions simply because they could not afford it. This startling statistic opens up a conversation about the broader implications of healthcare affordability and the critical need for accessible medication assistance programs.

Amidst these challenges, it becomes paramount to highlight the myriad of resources available to help those in need navigate these turbulent waters. The current landscape is such that many seniors are left in the dark, unaware of the assistance that may be at their fingertips. Amy Niles, serving as the Chief Mission Officer at the PAN Foundation, stresses the importance of raising awareness about such resources. The PAN Foundation stands as a beacon of hope, dedicated to helping individuals obtain crucial prescription drugs and medical treatments without the debilitating weight of exorbitant costs.

To those navigating the complexities of Medicare Part D, there exists a trio of potential lifelines designed to alleviate the burden of medication costs:

1. Government Assistance Programs: Within the realm of governmental aid lies the Extra Help program under Medicare, a vital resource that carries the potential to cover all costs associated with your Medicare Part D plan and related prescription drugs, save for nominal copays. However, eligibility for Extra Help is tethered to stringent income and resource criteria, prompting the need for all eligible Medicare Part D beneficiaries to proactively apply.

2. Support from Foundations: A constellation of nongovernmental organizations stands ready to extend a helping hand to those struggling with healthcare costs. Organizations such as the PAN Foundation, Accessia Health, and CancerCare have carved out programs specifically aimed at alleviating the financial strain of medication for Medicare beneficiaries. Their flexible eligibility requirements present a glimmer of hope for many who find themselves just outside the eligibility brackets of governmental programs.

3. The Introduction of a $2,000 Out-of-Pocket Cap: On the horizon of 2025, Medicare Part D is set to implement a groundbreaking $2,000 cap on out-of-pocket expenses for covered prescription drugs. This initiative represents a significant stride towards making healthcare more accessible and affordable. Yet, awareness of this upcoming change remains alarmingly low among the senior demographic, underscoring the need for continued advocacy and education.

In a world where navigating the labyrinth of medical expenses can feel like an insurmountable challenge, these resources shine as beacons of hope. Yet, the path to widespread awareness and utilization of these aids is fraught with obstacles, notably the glaring gap in knowledge and outreach. It’s a reality that organizations like the PAN Foundation and Accessia Health are vigorously working to change, through relentless advocacy, education, and direct support aimed at making prescription drug coverage more attainable for all, especially the most vulnerable.

As we look towards the future, with the wheels of change slowly turning in favor of increased healthcare affordability, it’s essential not to lose sight of the role that information, awareness, and advocacy play in this evolution. And for those craving even more insights into developments like these, whether in the healthcare arena or the broader spectrum of daily news, a visit to [DeFi Daily News](http://defi-daily.com) promises a treasure trove of articles designed to keep you informed and engaged.

In conclusion, the intertwining paths of healthcare, medication affordability, and the quest for comprehensive assistance weave a complex tapestry, one that requires the collective effort of communities, individuals, and organizations to navigate. It’s a journey fraught with challenges but illuminated by the promise of a brighter, more accessible future. As we forge ahead, let’s embrace the narrative not only with the seriousness it demands but with a slice of entertainment and hope, much like finding an unexpected but delightful plot twist in our favorite novel. Here’s to the journey ahead, a saga of perseverance, advocacy, and, ultimately, triumph in the quest for affordable healthcare.



Source link

Tags: CostsManageMedicareNerdWalletPartRisingStrategies
ShareTweetShare
Previous Post

Rep. Ro Khanna on taxing unrealized capital gains

Next Post

Who’s Buying Bitcoin ETFs? What It Means For BTC Price & Crypto!

Next Post
Who’s Buying Bitcoin ETFs? What It Means For BTC Price & Crypto!

Who’s Buying Bitcoin ETFs? What It Means For BTC Price & Crypto!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

August 16, 2024
Can I buy A House With Crypto? RWA DeFi Revolution

Can I buy A House With Crypto? RWA DeFi Revolution

April 16, 2025
CRYPTO IS DUMPING DUE TO THIS… What Comes Next?

CRYPTO IS DUMPING DUE TO THIS… What Comes Next?

June 13, 2025
Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

August 27, 2024
I Have Fallen Into The Personal Loan Trap

I Have Fallen Into The Personal Loan Trap

May 2, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
rewrite this title BlockDown Festival Kicks Off World’s First AI-led Music Experience With Pudgy Penguins At Istanbul Blockchain Week 2025

rewrite this title BlockDown Festival Kicks Off World’s First AI-led Music Experience With Pudgy Penguins At Istanbul Blockchain Week 2025

June 20, 2025
rewrite this title Bayern and Kompany wary of ´dangerous´ Boca ahead of Club World Cup clash – Soccer News

rewrite this title Bayern and Kompany wary of ´dangerous´ Boca ahead of Club World Cup clash – Soccer News

June 20, 2025
rewrite this title Semler’s B Bitcoin bet. Can the tiny med-tech firm become the next Strategy?

rewrite this title Semler’s $11B Bitcoin bet. Can the tiny med-tech firm become the next Strategy?

June 20, 2025
Can the UK Afford to Defend Itself?

Can the UK Afford to Defend Itself?

June 20, 2025
rewrite this title Ethereum Co-Founder Predicts ETH Will Eclipse Global GDP

rewrite this title Ethereum Co-Founder Predicts ETH Will Eclipse Global GDP

June 20, 2025
rewrite this title XRP vs SEC: Legal Expert Says Ripple Is Delaying The Lawsuit

rewrite this title XRP vs SEC: Legal Expert Says Ripple Is Delaying The Lawsuit

June 19, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.