***MEDIA ADVISORY FOR WEDNESDAY, DECEMBER 06 AT 11 AM PT // 2 PM ET***
Open Enrollment for 2024 Medicare Plans Ends December 7th and Brings New Savings for Seniors
Los Angeles, CA – Today, December 06, 2023, at 11 AM PT // 2 PM ET, Attorney General Rob Bonta and Long Beach Commission on Aging Chair Naida Tushnet will join Protect Our Care California to discuss Medicare open enrollment and to educate seniors about new benefits thanks to the Inflation Reduction Act, legislation signed into law last year by President Biden. As seniors enroll in their 2024 Medicare plans, during the open enrollment period that ends December 7th, they could save thousands of dollars on their prescription drug costs, with even more savings down the road. New benefits for Medicare beneficiaries include Medicare negotiation for lower drug prices, a $35 monthly copay cap on insulin, free shingles and other essential vaccinations, and $2,000 out-of-pocket caps on prescription drugs beginning in 2025.
Right now, the Biden administration is in the process of lowering prices for the first round of high-cost prescription drugs under the Medicare Drug Price Negotiation Program, and those prices will take effect in 2026. The first ten drugs selected for negotiation are taken by nearly 9 million people on Medicare, who spent $3.4 billion in out-of-pocket costs last year alone. This new program will lower prices for some of the highest-priced prescription drugs on the market used to treat conditions like diabetes, heart failure, blood clots, and autoimmune disorders.
PRESS CALL:
WHO:
Attorney General Rob Bonta
Naida Tushnet, Chair, Long Beach Commission on Aging
WHAT: Virtual Press Conference
WHEN: Wednesday, December 06, 2023, at 11 AM PT // 2 PM ET
WHERE: Register for the Zoom here