Prescription Drug Information
Medicare Premium, Deductible, Cost-Sharing and Other Changes for 2023
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…
Read MoreChanges 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…
Read MoreUnderstanding Part D Coverage and Costs
Medicare Part D prescription drug coverage may just be the most confusing part of Medicare! Estimating your out-of-pocket costs goes beyond just looking at the monthly premium. Part D costs also depend on: The medications you take and how frequently you take them Where you fill your prescriptions Your plan’s annual deductible The coverage phases…
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