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CMS Announces Medicare Advantage Premium Changes for 2020

Posted by Lesley Couch on Oct 3, 2019 8:56:30 AM

 

 

 

In a statement released last week, the Centers for Medicare and Medicaid Services has reported that Medicare Advantage (MA) plan premiums for the year 2020 are expected to decrease 23% from plan year 2018, while plan choices, benefits and enrollment continue to climb. The Medicare Advantage average monthly premium will be the lowest it has been in in thirteen years for the roughly 24 million people with Medicare who are calculated to enroll in an MA plan for 2020. 
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Topics: medicare insurance, prescription drug coverage, Medicare Advantage plans, Prescription Drug Plan, medicare advantage, Medicare Part D, senior news, Medicare Premiums, Medicare Part C, changes in medicare, Medicare.gov, Prescription drug plans, Part C, premiums, Medicare future, breaking news, news

Big Changes Coming to Medicare Supplement Plans in 2020

Posted by Lesley Couch on Jun 3, 2019 10:00:00 AM

 

 

As of January 1, 2020 individuals who are newly eligible for Medicare will no longer be able to purchase Medigap Plan C or Plan F (this includes the high deductible Plan F option as well). This is a result of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) that prevents individuals new to Medicare from purchasing Medigap plans that pay for the Part B deductible, which is currently $185 for 2019. Both Plans C and F cover the Part B deductible. This law also applies to the 3 states- Massachusetts, Wisconsin and Minnesota- who operate their own Medigap systems.

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Topics: Medicare Supplement Plans, Medicare Supplements, Medicare Supplement, Medigap, centers for medicare and medicare services, TSS Fans, Medicare future, breaking news, future of Medicare, news, 2020

The Future of Medicare’s Budget

Posted by Lesley Couch on May 6, 2019 3:30:11 PM

 

 

According to the 2019 annual report released this month by the Medicare Board Of Trustees regarding Medicare’s two separate trust funds- the Hospital Insurance (HI) Trust Fund, and the Supplementary Medical Insurance (SMI) Trust Funds- found that one of these two Medicare trust funds is on track to run out of reserves in seven years- these estimates aligning with last year's projections. 

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Topics: Part B, Medicare Part A, Part A, senior news, Medicare Part B, Medicare Part C, Part D, Part C, Senior Blogs, Medicare future, breaking news, future of Medicare, news

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