BIP Spring 2025

A $5 plan this year could jump to $40 next year, and clients need to know that. — Elie Harriett, independent Medicare broker “ ” alternatives can result in significant savings. “A simple question like, ‘Is there a generic I can try first?’ is usually enough to lower people’s prescription drug bills,” Harriett adds. • Conduct annual plan reviews: Staying informed about plan changes can prevent overpaying for prescriptions. Even a brief consultation with a broker can help identify the most cost effective options. Prescription discount programs can offer meaningful savings, but they are not without trade-offs. Understanding their impact on insurance coverage, particularly for Medicare beneficiaries, is essential for making informed decisions. As Vanderwolk says, “We need to change the mentality of just accepting what’s given. Use the information available to ask questions and find the best solutions for your needs.”

xxxx photo credit here

Spring 2025 bip magazine 13