5 Things About the Medicare Prescription Payment Plan

Agent Survival Guide Podcast

Join Sarah for a special Friday Five episode all about the Medicare Prescription Payment Plan. Find out what insurance agents need to know – including how to get client-facing marketing materials that detail the Inflation Reduction Act changes coming to Medicare Part D in 2025.

Interested in the marketing materials Sarah mentioned during this episode?

Contact our sales team at Ritter Insurance Marketing at https://www.ritterim.com/meet-your-sales-team

Email the podcast at [e-mail]

Call our hotline and leave a voicemail at 1-717-562-7211

Learn more about MedicareCENTER at https://integrity.com/medicarecenter/

Resources:

5 FAQs About the Shop & Enroll Phaseout: https://link.chtbl.com/ASGF20240712

Agent's Guide to Social Media Communication Resources: https://link.chtbl.com/ASG606

Facebook Basics for Insurance Agents: https://link.chtbl.com/ASG607

Medicare Advantage & Part D Certification Info: https://link.chtbl.com/ASGN20240715

Preparing Clients for the New Medicare Prescription Payment Plan Program: https://ritterim.com/blog/preparing-clients-for-the-new-medicare-prescription-payment-plan-program/

Ritter Insurance Marketing Summits 2024: https://link.chtbl.com/ASDF20240719

The Medicare Part D Creditable Coverage Determination Changes for 2025 or Beyond: https://ritterim.com/blog/the-medicare-part-d-creditable-coverage-determination-changes-for-2025-or-beyond/

References:

“The Biden-Harris Administration Releases Final Part Two Guidance to Help People with Medicare Prescription Drug Coverage Manage Prescription Drug Costs.” CMS.Gov, Centers for Medicare & Medicaid Services, 16 July 2024, www.cms.gov/newsroom/press-releases/biden-harris-administration-releases-final-part-two-guidance-help-people-medicare-prescription-drug

“Biden-Harris Administration Issues Final Guidance to Help People with Medicare Prescription Drug Coverage Manage Prescription Drug Costs.” CMS.Gov, Centers for Medicare & Medicaid Services, 29 Feb. 2024, www.cms.gov/newsroom/press-releases/biden-harris-administration-issues-final-guidance-help-people-medicare-prescription-drug-coverage

“CMS Issues Additional Guidance on Program to Allow People with Medicare to Pay Out-of-Pocket Prescription Drug Costs in Monthly Payments.” CMS.Gov, Centers for Medicare & Medicaid Services, 15 Feb. 2024, www.cms.gov/newsroom/press-releases/cms-issues-additional-guidance-program-allow-people-medicare-pay-out-pocket-prescription-drug-costs

“CMS Issues Draft Guidance on New Program to Allow People with Medicare to Pay Out-of-Pocket Prescription Drug Costs in Monthly Payments.” CMS.Gov, Centers for Medicare & Medicaid Services, 21 Aug. 2023, www.cms.gov/newsroom/press-releases/cms-issues-draft-guidance-new-program-allow-people-medicare-pay-out-pocket-prescription-drug-costs

“CMS National Training Program Live Events.” CMS National Training Program, Centers for Medicare and Medicaid Services, cmsnationaltrainingprogram.cms.gov/live-events Accessed 25 July 2024.

“Fact Sheets Draft CY 2025 Part D Redesign Program Instructions Fact Sheet.” CMS.Gov, Centers for Medicare & Medicaid Services, 31 Jan. 2024, www.cms.gov/newsroom/fact-sheets/draft-cy-2025-part-d-redesign-program-instructions-fact-sheet

“Fact Sheet: Medicare Prescription Payment Plan.” CMS.Gov, Centers for Medicare and Medicaid Services, www.cms.gov/files/document/medicare-prescription-payment-plan-fact-sheet.pdf Accessed 25 July 2024.

“Fact Sheet: Medicare Prescription Payment Plan Final Part One Guidance.” CMS.Gov, Centers for Medicare & Medicaid Services, www.cms.gov/files/document/fact-sheet-medicare-prescription-payment-plan-final-part-one-guidance.pdf Accessed 25 July 2024.

“Fact Sheet: Medicare Prescription Payment Plan Final Part Two Guidance.” CMS.Gov, Centers for Medicare & Medicaid Services, www.cms.gov/files/document/fact-sheet-medicare-prescription-payment-plan-final-part-two-guidance.pdf Accessed 25 July 2024.

“Inflation Reduction Act and Medicare.” CMS.Gov, Centers for Medicare & Medicaid Services, www.cms.gov/inflation-reduction-act-and-medicare Accessed 25 July 2024.

“Medicare Prescription Payment Plan Implementation Timeline.” CMS.Gov, Centers for Medicare & Medicaid Services, 1 July 2024, www.cms.gov/files/document/medicare-prescription-payment-plan-timeline.pdf

Seshamani, Meena. “Medicare Prescription Payment Plan Draft Part Two ...” CMS.Gov, Centers for Medicare & Medicaid Services, 15 Feb. 2024, www.cms.gov/files/document/medicare-prescription-payment-plan-draft-part-two-guidance.pdf

Seshamani, Meena. “Medicare Prescription Payment Plan Part 1 Guidance.” CMS.Gov, Centers for Medicare & Medicaid Services, 21 Aug. 2023, www.cms.gov/files/document/medicare-prescription-payment-plan-part-1-guidance.pdf

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