Starting January 1, seniors enrolled in Medicare will benefit from a new out-of-pocket cap on prescription drug costs, limiting their expenses to no more than $2,000. This change is part of broader updates to Medicare, which will also introduce new premiums and policies in 2025. Experts like Suze Orman caution that while this cap will ease financial burdens for many beneficiaries, it is crucial to understand that Medicare does not cover all expenses, and further changes are expected in the coming years.