{"id":2778,"date":"2024-12-02T18:35:39","date_gmt":"2024-12-02T18:35:39","guid":{"rendered":"https:\/\/news.psva.org\/?p=2778"},"modified":"2024-12-02T18:36:46","modified_gmt":"2024-12-02T18:36:46","slug":"supporting-psychiatric-patients-with-prescription-affordability-project-loop","status":"publish","type":"post","link":"https:\/\/news.psva.org\/?p=2778","title":{"rendered":"Supporting Psychiatric Patients with Prescription Affordability: Project LOOP"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Psychiatric Society of Virginia is proud to support <em>Project LOOP<\/em> (Lower Out-of-Pocket Costs Now), a campaign to help Medicare beneficiaries manage their prescription medication costs. Beginning in 2025, the Medicare Prescription Payment Plan will allow beneficiaries to divide annual out-of-pocket expenses into affordable monthly payments, capped at $2,000, with no added fees or interest.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This program is especially critical for psychiatric patients who depend on long-term medications to manage mental health conditions. By reducing large, upfront pharmacy costs, the plan helps patients stay on track with treatments, alleviating financial stress and improving adherence. For those managing conditions like depression, bipolar disorder, or schizophrenia, these changes can significantly impact stability and outcomes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enrollment for the program begins during Medicare Open Enrollment (October 15\u2013December 7, 2024), with benefits starting in January 2025. The Alliance for Aging Research offers resources\u2014including an <a href=\"https:\/\/urldefense.com\/v3\/__https:\/track.bgov.jmsend.com\/z.z?l=aHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g*2fdj1KTnA0dzV3UDExUQ*3d*3d&amp;j=379165260&amp;e=1&amp;p=2&amp;t=h&amp;&amp;h=d1fce3fa5252f47229d4fec1b89e6df3__;JSUl!!NxthMoyeKBihDA!Y5q0emYAX2gFZE_iHSIWvXURd9N2Iv0PZ8l8kDJtHlq1_JrqJiekGJ4-JaBc8i1MJnvQTKhd_-3v32t592UNx3tNcRg$\">animated explainer<\/a>, <a href=\"https:\/\/www.youtube.com\/watch?v=lsqHD3z61jM\" target=\"_blank\" rel=\"noreferrer noopener\">public service announcements,<\/a> and a social media toolkit\u2014to help spread the word.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Psychiatric physicians can help by discussing this program with patients, sharing resources in their practices, and training staff to guide patients through the enrollment process. Directing patients to <a href=\"https:\/\/www.agingresearch.org\/project-loop-lower-out-of-pocket-costs-in-medicare-part-d-now\" target=\"_blank\" rel=\"noreferrer noopener\">LowerOutOfPocketCosts.org<\/a> is another simple yet effective way to ensure they\u2019re informed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By empowering patients with this knowledge, we can help remove financial barriers to critical mental health treatments. Visit <a href=\"https:\/\/www.agingresearch.org\/project-loop-lower-out-of-pocket-costs-in-medicare-part-d-now\" target=\"_blank\" rel=\"noreferrer noopener\">LowerOutOfPocketCosts.org<\/a> for more information and resources to share. Together, we can make a difference in medication affordability and adherence for Virginians.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Psychiatric Society of Virginia is proud to support Project LOOP (Lower Out-of-Pocket Costs Now), a campaign to help Medicare beneficiaries manage their prescription medication costs. Beginning in 2025, the Medicare Prescription Payment Plan will allow beneficiaries to divide annual out-of-pocket expenses into affordable monthly payments, capped at $2,000, with no added fees or interest. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[65],"class_list":["post-2778","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-winter-2024"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Supporting Psychiatric Patients with Prescription Affordability: Project LOOP - PSV News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.psva.org\/?p=2778\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supporting Psychiatric Patients with Prescription Affordability: Project LOOP - PSV News\" \/>\n<meta property=\"og:description\" content=\"The Psychiatric Society of Virginia is proud to support Project LOOP (Lower Out-of-Pocket Costs Now), a campaign to help Medicare beneficiaries manage their prescription medication costs. Beginning in 2025, the Medicare Prescription Payment Plan will allow beneficiaries to divide annual out-of-pocket expenses into affordable monthly payments, capped at $2,000, with no added fees or interest. 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Beginning in 2025, the Medicare Prescription Payment Plan will allow beneficiaries to divide annual out-of-pocket expenses into affordable monthly payments, capped at $2,000, with no added fees or interest. 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