Big Medicare Changes Coming in 2025: What You Need to Know Starting in 2025, Medicare is introducing several significant changes aimed at easing the financial burden of prescription drugs for millions of Americans. These updates, which stem from the Inflation Reduction Act, are set to overhaul Medicare Part D and are designed to make medications…

It’s intimidating to think about all of Medicare. Part A, Part B, Part C, Part D—it sounds like some sort of puzzle with no instructions. What does each part cover? Why are there so many parts in the first place? Which should you choose and what happens if you choose the wrong one? If you did, unfortunately, that might mean you receive unexpected medical bills. You have to make the right decisions, or you could end up out-of-pocket for something that really should have been covered by Medicare.

Medicare didn’t happen overnight. It came in 1965 to fix a serious problem: millions of older Americans had little or no access to affordable health insurance. Thus, it fell upon the government to step in and hence Medicare came into being, changing the face of healthcare for generations in the future.

Without Medicare, it wasn’t exactly looking pretty for retirees. Often, people were left without health insurance from employers after retiring, and to buy private insurance? Forget it. It was either unaffordable or just flat-out unavailable in many cases due to age or a pre-existing condition. Health costs continued skyward, and the elderly were literally paying the price.

A general introduction to Medicare, its purpose, and its importance for seniors.Here is the reality: Most retirees no longer have employer-sponsored health insurance, and overnight, affordable health coverage becomes a major challenge to find.