Selecting the Right Part D Drug Plan

Selecting the Right Part D Drug Plan

Each year during the Annual Enrollment Period (AEP), Medicare enrollees can enroll in or make a change to their Medicare Advantage and/or Part D coverage. AEP takes place each year from October 15th thru December 7th and any changes made are effective on January 1st of the following year. AEP is also the time of…

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Medicare Premium, Deductible, Cost-Sharing and Other Changes for 2023

Medicare 2023 Changes Medicare Premium, Deductible

The Centers for Medicare & Medicaid Services (CMS) update Medicare rate and benefit changes annually. CMS recently announced changes to Premiums, Deductible and Cost sharing for the 2023 year. We’ve summarized the main changes below.  Medicare Part B Premiums The standard monthly premium for Medicare Part B enrollees is decreasing from $170.10 in 2022 to…

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Changes Coming to Part D Prescription Drug Costs

Changes Coming to Part D Prescription Drug Costs

The Senate passed the Inflation Reduction Act on August 7, 2022, which has significant provisions affecting Medicare drug prices. In addition, most Part D plans change annually. The changes you may see with your Part D plan include a different premium, deductible, cost-sharing limits, and covered drugs.  Below is a summary of some of the…

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Types of Medicare Insurance Plans

Understanding the types of Medicare Plans Many Medicare-eligible individuals choose to add a Medicare insurance plan to help with the medical and prescription costs not covered by Original Medicare (Part A and Part B). There are several types of Medicare insurance plans to choose from and we have included information about the most common below:1.Medicare…

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How Do I Sign Up for Medicare?

Your starting place for signing up for Medicare will be the Social Security Administration. Signing up for Medicare means enrolling in Part A and/or Part B, which is also referred to as “Original Medicare”. You can do this in person at your local Social Security Office, online at www.ssa.gov or over the phone. If you…

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