Q1Medicare.com - Latest Medicare News

Updated  2/5/2020 See:  2020 Federal Poverty Level Guidelines (FPL): 2020 LIS Qualifications and Benefits   (https://Q1News.com/812.html) The 2019 Federal Poverty Level (FPL) Guidel . . .

Starting in 2020, the Income-Related Monthly Adjustment Amount (IRMAA) income brackets will be adjusted for inflation.  Consequently, people at the low end of their 2019 IRMAA income bracket wil . . .

CMS released the 2020 low-income premium subsidy amounts (or Benchmark premiums) for Medicare Part D plans on July 31, 2019, and in 2020, 33 regions will lower their Medicare Part D Low-Income Subsidy (LIS) benchmark premiums and only 1 region will raise their benchmark premium.

Since 2011, people with Medicare who earn over $85,000 have been paying an additional monthly premium or Income-Related Monthly Adjustment Amount (IRMAA) for their Medicare Part D prescription drug p . . .

Medicare Part D prescription drug plans expressly excludes coverage for vitamins - although some Medicare plans do cover "excluded" drugs such as B-12 vitamin injections as "Bonus" or Supplemental dru . . .

The Donut Hole (or Coverage Gap) is a term used to describe a "gap" or pause in your Medicare Part D prescription drug coverage where - prior to 2011 - you were 100% responsible for the cost of your . . .

2020 Update   See: 2020 State Low-Income Subsidy Benchmark Premium Amounts - with a comparison of benchmark changes since 2006 at https://Q1News.com/763.html. The Centers for Medicare and Me . . .

In certain situations, people with Medicare may be eligible for a Special Enrollment Period (SEP) allowing them to join a Medicare Advantage plan or Medicare Part D prescription drug plan , or switch . . .

About $3,019 - maybe even a little more depending on your Medicare Part D plan. However, your actual savings in the 2019 Donut Hole will depend on several things including: (1)  How much yo . . .

As you may know, Medicare Part D prescription drug plans update their plan formularies (drug lists) throughout the plan year and the June 2019 Medicare Part D formulary updates included 30 new drug . . .

If you are qualified to receive Medicaid, you automatically qualify for the Medicare Part D Extra Help program and the cost of your Medicare Part D premium will be covered up to a certain level – . . .

On February 5, 2020, the Centers for Medicare and Medicaid Services (CMS) released the 2021 Advance Notice and Draft Call Letter that included the 2021 proposed defined standard benefits for Medicare Part D prescription drug plan coverage - and proposed changes to Medicare plans.

The 2020 Federal Poverty Level (FPL) Guidelines determine the income level requirements for people applying for the Medicare Part D Low-Income Subsidy (LIS) program, also known as the "Extra Help" program that helps pay Medicare prescription drug costs.

On January 31, 2020, the Centers for Medicare and Medicaid Services (CMS) gave notice to Delaware Life Insurance Company (DLIC) that CMS has made a determination to impose immediate intermediate . . .

Updated  2/5/2020 See:  2020 Federal Poverty Level Guidelines (FPL): 2020 LIS Qualifications and Benefits   (https://Q1News.com/812.html) The 2019 Federal Poverty Level (FPL) Guidel . . .

As a last reminder, the 2020 Annual Medicare Open Enrollment Period ( AEP) ends at midnight tonight, Saturday, December 7th. During this final day of the 2020 AEP, you can still join, change, o . . .

CMS NEWS: 2020 Medicare Parts A & B Premiums and Deductibles Announced. Summary of changes to Medicare Part A and Medicare Part B premiums and deductibles: Increase in SS Benefits.  . . .

Starting in 2020, the Income-Related Monthly Adjustment Amount (IRMAA) income brackets will be adjusted for inflation.  Consequently, people at the low end of their 2019 IRMAA income bracket wil . . .

95% of your brand-name drug's retail cost is counted toward exiting the 2020 Donut Hole. If your monthly purchases of formulary medications consistently have a retail value of over $335, you wil . . .

No.  Your $6,350 total out-of-pocket spending limit (2020 TrOOP) only includes the portion of your $4,020 Initial Coverage Limit that you actually paid. The portion of your medication costs . . .