The Medicare Open Enrollment period is set to begin on October 15. However, changes are on the horizon for 2025, prompting beneficiaries to consider their long-term healthcare strategies. Yahoo Finance Reporter Kerry Hannon breaks down these upcoming modifications, highlighting three key areas: the introduction of an out-of-pocket drug cost cap, a new approach to budgeting Medicare drug costs, and adjustments to current Medicare Advantage plans.

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This post was written by Angel Smith