Medicare 2025: 5 Strategies to Navigate New Costs and Coverage

In this essential episode of PennyWise, host Nat Cardona is joined by NerdWallet expert Elizabeth Ayoola to discuss the upcoming changes to Medicare in 2025. With new developments on the horizon, Elizabeth provides listeners with crucial insights into the evolving landscape of Medicare Part D, including the introduction of an out-of-pocket maximum for prescription drugs, which promises relief for many consumers.

Explore the implications of declining plan ratings and the potential impact on premiums, as well as tips for ensuring your prescription drugs remain covered. Elizabeth also sheds light on the special enrollment period for those affected by plan changes and the rising costs associated with Medicare Parts A and B.

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PennyWise is a show about money, personal finance, investing and travel. Hosted by Nat Cardona, the program features a variety of financial experts who can help save you money.