(NewsNation) — Retirees shouldn't be alarmed by the ending of a Biden-era Medicare premium subsidy program, an industry expert says.
Last week, the Trump administration said it would move to shutter the program, subsequently bringing to an end Medicare Part D subsidies at the cessation of 2026.
Medicare Part D is optional prescription drug coverage offered by private insurance companies to help people with Medicare pay for brand-name and generic medications.
It is available as a stand-alone plan to add to original Medicare or as part of a bundled Medicare Advantage plan.
"While headlines about the end of Medicare's premium stabilization program may sound alarming, retirees shouldn't confuse that change with a loss of Medicare prescription drug coverage," Chris Maikels, senior actuary and strategy leader of retiree solutions at Aptia Group, told NewsNation.
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Last week, the Trump administration said it would move to shutter the program, subsequently bringing to an end Medicare Part D subsidies at the cessation of 2026.
Medicare Part D is optional prescription drug coverage offered by private insurance companies to help people with Medicare pay for brand-name and generic medications.
It is available as a stand-alone plan to add to original Medicare or as part of a bundled Medicare Advantage plan.
"While headlines about the end of Medicare's premium stabilization program may sound alarming, retirees shouldn't confuse that change with a loss of Medicare prescription drug coverage," Chris Maikels, senior actuary and strategy leader of retiree solutions at Aptia Group, told NewsNation.
#coverage
2 months ago
