A new report that shows an estimated 127,193 of Ohioans on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts Jan.1, 2025.
The AARP report analyzes the number of enrollees who will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees nationwide who reach the new out-of-pocket cap will see average savings of roughly $1,500, or 56%, in 2025 for their prescription drugs.