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New bipartisan survey reveals a supermajority of seniors oppose reducing funding to Medicare Advantage — and will factor that into their vote in November
Today, more Americans than ever are choosing Medicare Advantage for affordable, quality health care — with over 33 million seniors and people with disabilities enrolled in the program. BMA wanted to learn more about seniors’ views on Medicare Advantage and how...
How Medicare Advantage In-Home Health Assessments Keep Seniors Healthier
How Medicare Advantage In-Home Health Assessments Keep Seniors Healthier Today, Medicare Advantage delivers affordable, high-quality care to more than 33 million seniors and people with disabilities, with better health outcomes than Fee-for-Service Medicare (FFS). One...
Will My Specialist’s Services be Covered under My Medicare Plan?
Whether you’re switching from one type of Medicare coverage to another, or you’re new to Medicare, you might be concerned about being able to continue seeing your health-care specialist. Will your specialist’s services be covered by Medicare? That may depend upon:...
7 Medicare Changes You’ll See in 2025
Expensive medications? You’ll save thousands. Dementia or mental health care? More options Key takeaways Changes from Inflation Reduction Act will take effect next year. Lower out-of-pocket limit in Part D drug plans erases old “donut hole.” You may find weight loss...
How Medicare Advantage In-Home Health Assessments Keep Seniors Healthier
Today, Medicare Advantage delivers affordable, high-quality care to more than 33 million seniors and people with disabilities, with better health outcomes than Fee-for-Service Medicare (FFS). One of the most effective ways to ensure seniors receive comprehensive care...
Does your Medicare plan cover gym memberships and other fitness benefits?
There’s no age limit on exercise – physical activity is for everyone! In fact, as you get older, physical activity becomes an even more important part of your overall health. According to the Centers for Disease Control and Prevention, regular exercise can help...
Your annual physical checklist
Annual physical check-ups are essential in maintaining your health. These check-ups can identify health issues in their early stages, so you can take care of them as early as possible. If you have Medicare and have had Medicare Part B for more than 12 months,...
LEARN DENTAL INSURANCE BASICS AND SAVE YOUR TEETH
Monitoring your oral health isn’t just about good teeth: it can give insight into your overall health. There are many reasons why it’s important that you visit your dentist regularly. Dental health should be a major concern for seniors. Monitoring your oral health...
MEDICARE AND DEPRESSION TREATMENTS — WHAT MEDICARE COVERS
Mental health is a critical part of overall health. Conversations on the topic of mental health were rare when the baby boomer generation was young. Today, the topic is far more accepted. Mental health is a critical part of overall health. Conversations on the topic...
YOUR ANNUAL ENROLLMENT PERIOD (AEP) CHECKLIST
5 steps to taking care of what matters most: You The Annual Enrollment Period (AEP) is the time of year when you can decide to stick with your current health plan or make changes for the upcoming year. As you consider coverage for next year, it’s important to review...
WHY CHOOSE A MEDICARE SUPPLEMENT PLAN?
Whether you need medical care while traveling, in the comfort of home, or you want the flexibility to see any medical doctor or specialist that accepts Medicare, a Medicare Supplement plan may be just what you need. As you prepare for the next chapter of your journey,...
NOT RETIRING AT 65? WHEN SHOULD YOU BUY MEDICARE?
The benefits of Medicare are initially activated when you turn 65. That is when you first enroll in this federal healthcare program for seniors. But what if you are still working at the age of 65 and don’t want to officially retire? Medicare enrollment and retirement...
QUESTIONS TO ASK WHEN CHOOSING MEDICARE
Whether you are already part of the nearly 60 million enrollees of the program, or are looking to join its ranks soon, we are here to help you answer the most commonly asked question – how to choose the right Medicare plan for you. Before you apply for Medicare, it is...
7 THINGS NEW ENROLLEES SHOULD KNOW ABOUT MEDICARE
To help bring clarity, we have compiled a "New to Medicare" checklist to help you out with all the basic Medicare information that you’ll need. Before 1965, Americans over the age of 65 had difficulty gaining access to private health insurance coverage. This is why...
IMPACT OF STRESS ON SENIORS’ HEALTH
Stress is a significant contributor to declining health and wellbeing; it has even been identified as a primary cause of cardiovascular diseases, mental health disorders and the weakening of the immune system. Stress is a significant contributor to declining health...
AGING, DEMENTIA, AND ALZHEIMER’S – MEDICARE AND MEDIGAP ASSISTANCE
This article explores the scope of Medicare coverage for dementia patients. Since dementia is progressive in its different forms, it can develop over a number of years and is classified into multiple stages. Why is dementia a rising concern? Dementia is recognized as...
MEDICARE TAKES UP ARMS AGAINST MEMORY LOSS
The difficult truth about Alzheimer’s disease and other forms of dementia is that currently there is no full-fledged cure available. However, with early detection and appropriate treatment, its symptoms can be managed and even slowed down. Cognitive diseases such as...
MEDICARE AND RISING PRESCRIPTION DRUG COSTS
Are you worried about rising health care costs? There are many ways to save money, available to you. One of these is our new Price Check My Rx tool. You can also learn how to save money by using generic drugs. Know your prescription cost and options As a soon-to-be or...
3 New Ways That Medicare Is Supporting Family Caregivers
‘So often caregivers are often unseen and unsung heroes,’ head of Centers for Medicare & Medicaid Services says Family members, often thrust into caregiving with little notice, also must navigate a complex medical system without any training or guidance. “I feel...
Medicare and diabetes: Coverage for health care services and supplies
Diabetes affects many Americans – especially seniors. In fact, around 20% of Medicare beneficiaries 65 and older have diabetes. If this is you, or someone you love, it’s important to know what Medicare will cover in terms of care, supplies and more. Learn all about...
MEDICARE AND MENTAL HEALTH BENEFITS – WHAT MEDICARE COVERS
As you grow older, life and tough circumstances can lead to issues such as depression, anxiety and more. The human body is a complex and highly sophisticated system that has many delicate parts working in harmony. The command center for this entire system is, of...
How Long Do Medicare Enrollees Wait to See a Doctor?
A third face month-long delays for appointments, but most are happy with their overall care A survey of beneficiaries enrolled in both original Medicare and Medicare Advantage (MA) plans revealed a common problem: More than a third of those polled had to wait a month...
Does Medigap Plan N Raise Its Rates Slower than Other Plans
The rate increases for Medigap (Medicare Supplement) plans, including Plan N, can vary based on several factors and may differ from one plan to another. However, it’s not accurate to categorically state that Medigap Plan N increases its rates slower than other plans...
Manage your Medicare benefits
You’ll sign up for Part A and Part B through Social Security. Once enrolled, you’ll manage your benefit plans through Medicare. Your Medicare Information Get your Medicare number To find your Medicare number, sign in to your Social Security account and view your...
What is durable medical equipment (DME) and will Medicare cover it?
Durable medical equipment, often abbreviated as DME, refers to a variety of medical devices, supplies and equipment that can help people with chronic health conditions or disabilities. Examples include wheelchairs, walkers, hospital beds, diabetic supplies, home...
Medicare Advantage Updates and Trends for 2024
The recent robust growth of Medicare Advantage plans brings challenges, opportunities, and new regulations for home health agencies. As we head into 2024, here’s a summary of the latest news, updates, and anticipated trends for Medicare Advantage. The Rising...
CMS Issues Additional Guidance on Program to Allow People with Medicare to Pay Out-of-Pocket Prescription Drug Costs in Monthly Payments
The Inflation Reduction Act’s Medicare Prescription Payment Plan will allow people to pay Medicare Part D out-of-pocket costs over the course of the year starting in 2025 Today, the Centers for Medicare & Medicaid Services (CMS) released the second part of draft...
If You’re on Medicare, You Could Save Money on Drugs This Year
Federal law set caps on some spending for seniors who are enrolled in Part D prescription drug plans. Those paying for high-cost medicines will benefit. It’s the best news that few people seem to know about: Prescription drug costs are falling this year for more than...
Does Medicare Cover Heart Disease?
February is American Heart Month - a way to bring awareness to heart disease and help spread tips on heart disease prevention. That means now is the perfect time to review some of the facts about cardiovascular disease (CVD), along with tips to combat it. Then we’ll...
What is the Medicare ‘Donut Hole,’ or Part D Coverage Gap?
The Medicare Part D ‘donut hole’ coverage gap goes away in 2025. Until then, here’s how it works. Nerdy takeaways You enter the donut hole when you and your plan spend a total of $5,030 in 2024. In the donut hole, you pay up to 25% out of pocket for all covered...
Seven Ways You Can Avoid Higher Medicare Premiums
Changes in income, marital status, work hours and other life events can exempt enrollees from surcharges Most people who enroll in Medicare Part B, which covers doctor visits, diagnostic tests and other outpatient services, pay a standard monthly premium, $174.70 in...
Millions on Medicare to Save Money From $2,000 Rx Cap
New analysis finds limiting out-of-pocket drug spending will help older Americans afford medications Had the upcoming cap on out-of-pocket spending on Medicare Part D-covered prescription drugs been in effect in 2021, 1.5 million enrollees would have saved money on...
How to Be an Effective Advocate for Aging Parents
6 skills that will help you care for the ones you love As family caregivers, we play many roles: scheduler, money manager, house cleaner, health aide, nurse, navigator, nurturer and more. Perhaps the most important role is advocate, as we ensure the best possible care...
10 Things to Know About Medigap Plans
Your guide to buying Medicare supplemental health insurance If you decide to enroll in original Medicare, one way you can help pay the extra costs the program doesn’t cover is to buy a supplemental — or Medigap — insurance policy. Here’s what you need to know if...
CMS Projects 2024 Part D Prescription Drug Premiums
Average premiums could go down, but some could see large increases The average monthly premium for Medicare Part D prescription drug coverage is expected to fall slightly in 2024, to $55.50, a 99-cent drop from the 2023 average of $56.49, the Centers for Medicare...
How to get prescription drug coverage
Medicare drug coverage helps pay for prescription drugs you need. It's optional and offered to everyone with Medicare. Even if you don’t take prescription drugs now, consider getting Medicare drug coverage. If you decide not to get it when you’re first eligible, and...
7 Medicare Changes for 2024 All Seniors Should Know About
KEY POINTS The government has made several changes to Medicare that could reduce your prescription drug costs in 2024. It has also expanded coverage for things like mental health and chronic pain treatment. Those signing up during a special enrollment period will be...
Big Medicare Changes Coming in 2024
The new year rings in more Rx drug savings, higher Part B premiums and new Advantage rules What’s new for Medicare beneficiaries in 2024? A lot — including changes that expand care and make coverage more affordable. For starters, Medicare’s more than 65 million...
What’s New for Medicare in 2024?
ach calendar year brings a new set of changes to Medicare, from premiums and deductibles to rules and regulations. To get the most from Medicare in 2024, it’s helpful to understand what will be different. Here’s a primer on 2024 Medicare changes: Part A costs will...
New Medicare Benefits & Changes Starting Jan 1, 2024
2024 will bring some positive changes and expanded Medicare benefits. Below is a summary of some of these changes with references for more information. You can also view your 2024 Medicare & You handbook for more information. Prescription Drug Savings Starting...
Medicare Changes In 2024: What’s New?
Changes are coming to Medicare costs and coverage in 2024. Announced in time for the annual open enrollment period, which continues through December 7, the adjustments affect both Original Medicare and Medicare Advantage beneficiaries. It’s crucial that enrollees stay...
Most Medicare Advantage Plan Premiums Won’t Increase in 2024
About half of all Medicare beneficiaries will be enrolled in MA plans next year The average monthly premium for Medicare Advantage (MA) plans is projected to increase by 64 cents in 2024, but officials at the Centers for Medicare & Medicaid Services (CMS) say that...
More Changes in Store for Medicare Advantage Plans
New proposal would standardize broker commissions, add mental health services and more The federal government is continuing its efforts to protect older Americans signing up for Medicare coverage for the first time or switching to a new health plan during open...
7 Common Medicare Mistakes And How To Avoid Them
Quality, affordable health care is crucial to aging well, and Medicare makes it possible for millions of older adults in the U.S. However, the system can be confusing and it’s easy to make mistakes. “Our messy health insurance system causes anxiety for everyone,” says...
More Changes in Store for Medicare Advantage Plans
New proposal would standardize broker commissions, add mental health services and more The federal government is continuing its efforts to protect older Americans signing up for Medicare coverage for the first time or switching to a new health plan during open...
10 Things You Didn’t Know About Medicare
How the nation’s health insurance coverage for older adults and people with disabilities works Ever since President Lyndon Baines Johnson made Medicare the law of the land in 1965, hundreds of millions of Americans have relied on this program to help them get...
How New Medicare Law Affects Your Health
Answers to questions about how the new law affects insulin, vaccines, other Rx prices and more The Inflation Reduction Act of 2022 will help millions of Americans better afford their life-sustaining medications and also help them pay for other out-of-pocket health...
12 Things That Are Free Under Medicare
While most services come with a cost, some preventive screenings, vaccines and counseling are covered without charge We worry a lot about what Medicare beneficiaries must for pay out of pocket, such as monthly premiums, annual deductibles, and copays for doctor visits...
Here’s What Medicare Part B Costs and Covers in 2024
Those who are 65 or older typically rely on Medicare to get the healthcare they need. Medicare has two primary types of coverage. For hospital costs and other inpatient care, Medicare Part A is the go-to standard. When you need to see a doctor or get other outpatient...
What Is Medicare?
How the federal insurance program helps older Americans afford the health care vital to their well-being What is Medicare? For more than 58 years, it’s been the program that older Americans and people with disabilities turn to for their health care coverage. In 2023,...
Nursing Home Costs and How to Pay
Nursing home care is costly, but there are ways to manage without going broke. Many people grow up with grandparents who lived for years in their homes and, despite various illnesses and conditions, never saw the inside of a nursing home. That still may be true for...
Will Original Medicare Survive the Medicare Advantage Boom?
New enrollees increasingly opting for the private insurance alternative to the federally-run program For decades, as Americans approached their 65th birthday, all they had to do to get Medicare, the nation’s government-sponsored health insurance for older adults, was...
Financial Health of Medicare Trust Fund Improves
Trustees project solvency until 2031, but Congress still must act for the long term For the second year in a row, the trustees who oversee Medicare’s finances say the trust fund that helps pay for inpatient hospital care for 65 million beneficiaries has gotten...
10 Prescription Drugs Medicare Will Negotiate First
Popular but pricey blood thinners, diabetes medications, cancer treatments make historic list he names of the first 10 Medicare drugs whose prices the federal government will negotiate directly with manufacturers were released Aug. 29. It marks the first time in...
What You Need to Know About the Medicare Insulin Cost Cap
Answers to common questions, including the July 1 implementation for pumps One of the first provisions to take effect of a new law designed to cut prescription drug costs for tens of millions of Medicare enrollees is a $35-a-month cap on out-of-pocket costs for...
Millions on Medicare Poised to Get Extra Help Paying for Prescription Drugs
Starting in 2024, more people will qualify for the full Medicare Part D assistance program With up to 3 million more Medicare enrollees with low incomes and limited resources eligible in January 2024 for additional financial assistance to pay for their Part D...
Millions on Medicare Poised to Get Extra Help Paying for Prescription Drugs
Starting in 2024, more people will qualify for the full Medicare Part D assistance program With up to 3 million more Medicare enrollees with low incomes and limited resources eligible in January 2024 for additional financial assistance to pay for their Part D...
Social Security COLA 2024: How Much Will Benefits Increase Next Year?
July inflation report suggests next year’s boost likely to be around 3%, analysts say After two years that saw Social Security cost-of-living adjustments (COLAs) soar to their highest level in four decades, beneficiaries will likely see a more modest increase in their...
The Big Choice: Original Medicare vs. Medicare Advantage
Which path you take will determine how you get your medical care — and how much it costs As you think about how Medicare will cover your health care needs, your first major decision should be whether you want to enroll in federally run original Medicare or select...
10 Common Medicare Mistakes to Avoid
Errors can prove costly to new enrollees Missing deadlines, delaying enrollment or choosing the wrong plan can cost you a bundle when it comes to Medicare. Here’s a list of 10 common mistakes new Medicare enrollees make and how to avoid them, according to the Medicare...
Medicare Part D Premiums to Dip Slightly in 2024
CMS projects average monthly prescription drug charge to fall nearly $1 The average monthly premium for Medicare Part D prescription drug coverage is expected to fall slightly in 2024, to $55.50, a 99-cent drop from the 2023 average of $56.49, the Centers for Medicare...
How is Social Security taxed?
If your total income is more than $25,000 for an individual or $32,000 for a married couple filing jointly, you must pay federal income taxes on your Social Security benefits. Below those thresholds, your benefits are not taxed. That applies to spousal...
Does Medicare cover hearing aids?
No. Medicare covers only ear-related medical conditions, not routine hearing care, hearing aids or exams for fitting hearing aids. But with the FDA’s approval of over-the-counter hearing aids for mild to moderate hearing loss, you can now find lower-cost options....
10 Things Medicare Doesn’t Cover
You’ll need to plan to pay for some common medical expenses Medicare covers the majority of older Americans’ health care needs, from hospital care and doctor visits to lab tests and prescription drugs. Here are some needs that aren’t part of the program — and how you...
Changes to Medicare Part D in 2024 and 2025 Under the Inflation Reduction Act and How Enrollees Will Benefit
The Inflation Reduction Act of 2022 includes several provisions to lower prescription drug costs for people with Medicare and reduce drug spending by the federal government, including a number of changes to the Medicare Part D drug benefit. These changes include a cap...
Your Medicare Protections
If you have Original Medicare, your doctor, other health care provider, or supplier may give you a written notice if they think Medicare won’t pay for the items or services you’ll get. This notice is called an “Advance Beneficiary Notice of Non-coverage,” or ABN. The...
HHS Updates 2024 Medicare Advantage Program and Part D Payment Policies
Updated Medicare Advantage and Part D policies ensure the overall Medicare program remains strong and stable for the 65 million beneficiaries today and future generations to come, payments to private insurance companies are accurate, and taxpayer dollars are well...
Saving money with the prescription drug law
A new prescription drug law that went into effect January 1, 2023, will help save money for people with Medicare. This law improves access to affordable treatments and strengthens the Medicare program. Here’s what the law means for you: More vaccines covered People...
What Does Medicare for All Mean?
Many Americans are asking themselves “How can I get free healthcare in the U.S.?”, an answer may be in the hands of legislators. One national health insurance plan for all Americans called “Medicare for All” is an idea being promoted, among others, by Vermont Senator...
Your Medicare Protections
If you have Original Medicare, your doctor, other health care provider, or supplier may give you a written notice if they think Medicare won’t pay for the items or services you’ll get. This notice is called an “Advance Beneficiary Notice of Non-coverage,” or ABN. The...
Expert Answers to Your Top 5 Medicare Questions
When it comes to Medicare, there’s no such thing as one-size-fits-all. That’s because every person has individual health needs. Coverage varies based on where you live, which doctors and hospitals you prefer, and whether you want to pay more money upfront or pay as...
Addressing Rural Health Inequities in Medicare
Approximately 61 million Americans live in rural Tribal, and geographically isolated communities across the United States. These communities often experience significant health inequities. Compared to urban Americans, rural Americans are more likely to have heart...
Biden Budget Would Extend Medicare Solvency by 25 Years
Plan includes increased taxes for high-income earners and more prescription drug negotiations President Joe Biden’s federal budget proposal will include increasing Medicare taxes for people earning more than $400,000 a year and expanding and accelerating prescription...
Medicare users still have time to change, drop 2023 Advantage Plan coverage. What to know
KEY POINTS Roughly 29.1 million people are enrolled in Medicare Advantage Plans. Each year from Jan. 1 through March 31, those beneficiaries can switch to another Advantage Plan or drop their current one altogether. Here’s what to be aware of if you consider making a...
Your Medicare Rights
You have the right to be treated fairly, understand the information you get, and keep your personal information safe. If you have Medicare You have the right to be: Treated with courtesy, dignity and respect at all times. Protected from discrimination. Every company...
Physician Fee Schedule Updates: 2023 Medicare Reimbursement Rates and New Codes
he 2023 Physician Fee Schedule updates include new billing codes and more ways to access care Each year, the Centers for Medicare & Medicaid Services (CMS) releases several policy proposals and updates with many taking effect on January 1 of the new calendar year....
Do I qualify for a Medicare Special Enrollment Period?
Medicare is a great way to get health coverage as you get older, but the timing for enrolling or changing plans can be tricky. Opportunities to sign up for Medicare or switch to a Medicare Advantage (MA) plan are usually limited to very specific and standard...
Medicare Part B Premiums, Explained
When you enroll in Medicare Part B, the federal government picks up the tab for most of your health care costs. Most, but not all. Medicare Part B premiums can be a surprising and costly retirement expense for many people. The minimum monthly Medicare Part B premium...
Social Security Cards Are Safer at Home
Scams to steal your personal information are at an all-time high. It’s important to continue to safeguard personal documents such as your Social Security card. A Social Security card is not an identification document. In many situations, you only need to know your...
How are Medigap and Medicare Advantage different?
For starters, they’re both options for people with Medicare, but Medigap coverage supplements original Medicare, while Medicare Advantage is a private insurance alternative to federally run Medicare. They’re very different, and their unique types of coverage can’t be...
4 Tips to Protect Yourself from Medicare Fraud
Medicare fraud is widespread and is among the long list of health care fraud schemes that cost the government billions of dollars annually. Medicare scammers continue to evolve their methods, making their ploys increasingly more believable. Recently, a RetireMed...
What documents do I need to help my parent with medical decisions and Medicare claims?
Three important documents grant caregivers permission to consult with a parent’s doctor, access medical records, ask questions about claims and make health care decisions on a parent’s behalf: Health care proxy Health Insurance Portability and Accountability Act...
Understanding Medicare’s Options: Parts A, B, C and D
Making sense of the alphabet soup of health care choices Medicare is complicated and can be confusing to sort through. To make it easier, the program has been broken down into four basic parts that include coverage for everything from hospital care to doctor visits to...
Medicare Begins to Rein In Drug Costs for Older Americans
Reforms embedded in the Inflation Reduction Act will bring savings to seniors this year. Already some lawmakers are aiming to repeal the changes. Steve Lubin spent a lot last year on insulin to control his Type 2 diabetes. A retired nurse in Philadelphia, Mr. Lubin...
How did the Medicare donut hole change for 2023?
How did the donut hole change for 2023? As has been the case in previous years, the thresholds where a person enters and exits the “donut hole” increased in 2023. We’ll explain this in more detail below, but the short story is that the initial coverage limit increased...
What Are the Medicare Extra Help Income Limits for 2023?
With 2023 fully underway, there are new costing guidelines associated with Medicare that went into effect Jan. 1. CNBC noted that copays and deductibles for Medicare Part A (which includes hospital stays) are going up, while Part B premiums and deductibles (outpatient...
2023: The Year Medicare Advantage Begins To Dominate Traditional Medicare
With almost one in two seniors now enrolled in the privatized health plan alternative to traditional Medicare known as “Medicare Advantage,” look for growth to escalate in 2023 and beyond. Though there have been probes into aggressive marketing practices and other...
Medicare users still have time to change, drop 2023 Advantage Plan coverage. What to know
KEY POINTS Roughly 29.1 million people are enrolled in Medicare Advantage Plans. Each year from Jan. 1 through March 31, those beneficiaries can switch to another Advantage Plan or drop their current one altogether. Here’s what to be aware of if you consider making a...
Turning 65 checklist
Planning well in advance of your Medicare eligibility can help you get every dollar in Medicare benefits you have coming to you. Here, in a nutshell, is what you should do and when you should do it. 12-6 months before your 65th birthday Set up your post-retirement...
Biggest Medicare Changes for 2023
The new year brings a cap on insulin copays, free vaccines, lower premiums and more Some of the biggest changes to Medicare in years take effect in 2023, with more than 65 million Americans paying lower premiums and deductibles and about to feel the effects of...
What Are the Medicare Extra Help Income Limits for 2023?
With 2023 fully underway, there are new costing guidelines associated with Medicare that went into effect Jan. 1. CNBC noted that copays and deductibles for Medicare Part A (which includes hospital stays) are going up, while Part B premiums and deductibles (outpatient...
2023 Medicare costs
Every year Medicare costs can change. Costs for the upcoming year are announced in the late fall, and the new costs go into effect January 1. For 2023, Medicare costs decreased for Medicare Part B, but increased for Part A. What is the Medicare Part B premium for...
New Medicare enrollment rules that eliminate coverage gaps take effect in 2023. Here’s what you need to know
KEY POINTS New rules that will be beneficial for some Medicare enrollees are going into effect Jan. 1. The idea is to eliminate any delays in coverage that some new beneficiaries experience, depending on when they enroll. Additionally, individuals who didn’t sign up...
Does my income affect my monthly premiums for Medicare?
It can. If you are what Social Security considers a “higher-income beneficiary,” you pay more for Medicare Part B, the health-insurance portion of Medicare. (Most enrollees don’t pay for Medicare Part A, which covers hospitalization.) Medicare premiums are based on...
When 9 Biggest Medicare Changes Under New Rx Law Go Into Effect
A year-by-year implementation timeline of the Inflation Reduction Act’s health provisions The Inflation Reduction Act of 2022 will transform Medicare’s prescription drug coverage through provisions that for the first time will allow the program to negotiate prices of...
Costs in the coverage gap
Most Medicare drug plans have a coverage gap (also called the "donut hole"). This means there's a temporary limit on what the drug plan will cover for drugs. Not everyone will enter the coverage gap. The coverage gap begins after you and your drug plan have spent a...
Medicare Price Changes in 2023: Part B Premiums Could Get Cheaper
Medicare premium costs are changing next year. In 2023, Medicare Part B premium prices will be cheaper, while Part A premiums and deductibles will become slightly more expensive. This is because the Social Security Administration each year adjusts costs associated...
YEAR-END PLANNING Here’s what you need to know about 2023 Medicare prescription drug plans during open enrollment
KEY POINTS The specific drugs that a plan covers can change from year to year, as can their cost, which makes it worthwhile to make sure there’s not a better plan for you. Additionally, some Medicare-related provisions in the recently enacted Inflation Reduction Act...
2023 Medicare Parts A & B Premiums and Deductibles 2023 Medicare Part D Income-Related Monthly Adjustment Amounts
On September 27, 2022, the Centers for Medicare & Medicaid Services (CMS) released the 2023 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2023 Medicare Part D income-related monthly adjustment amounts. Medicare...
What does Medicare cover (and not cover)?
When it comes to Medicare, the question we hear most often after “What does it cost?” is, “What does it cover?” There are no simple answers, but you can start here to find general answers to some of the most common questions about Medicare coverage. What does Medicare...
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