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The 2021 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.

The Income-Related Monthly Adjustment Amount (IRMAA) income brackets became inflation adjusted in 2020.  Consequently, people with an annual income under $165,000 who are at the low end of their . . .

CMS released the 2021 low-income premium subsidy amounts (or Benchmark premiums) for Medicare Part D plans on July 29, 2020. In 2021, four regions will lower their Medicare Part D Low-Income Subsidy (LIS) benchmark premiums and 30 regions will increase their benchmark premium.

If the retail value of your formulary drug purchases are over $345, you will enter the 2021 Donut Hole and, as was true in 2020, you will receive a 75% discount for all formulary drugs while in the Coverage Gap.

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.

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 . . .

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.

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.

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 . . .

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 . . .

On April 1st, the Centers for Medicare and Medicaid Services (CMS) released the 2020 Announcement and Final Call Letter that includes the defined standard benefits parameters for 2020 Medicare Part . . .

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 . . .

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 . . .

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 . . .

You exit your Medicare Part D plan's Coverage Gap (or Donut Hole) and enter into the Catastrophic Coverage phase - for the remainder of the plan year (until December 31st) - and the cost of your form . . .

If you purchase an expensive formulary drug, your first purchase would be calculated as a straddle claim across all four phases of your Medicare Part D coverage: Initial Deductible (if any), Initial Coverage Phase, the Coverage Gap, and Catastrophic Coverage.

On January 15, 2021, the Centers for Medicare and Medicaid Services (CMS) released the final 2022 Announcement that included the 2022 defined standard benefits for Medicare Part D prescription drug plan coverage.

The 2021 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.

The 2021 annual Medicare Open Enrollment Period (AEP) ends December 7th. After December 7th, most people will only have a limited opportunity to change their 2021 Medicare prescription drug plan coverage before next year’s 2022 AEP.

The Income-Related Monthly Adjustment Amount (IRMAA) income brackets became inflation adjusted in 2020.  Consequently, people with an annual income under $165,000 who are at the low end of their . . .

CMS Press Release: 2021 Medicare Parts A & B Premiums and Deductibles Announced. Summary of changes to Medicare Part A and Medicare Part B premiums and deductibles: Cost-of-Living Adjus . . .

About $4,082 - maybe even a little more depending on your Medicare Part D plan. However, your actual savings in the 2021 Donut Hole will depend on several things including: (1)  How muc . . .

Many people are reluctant to change their Medicare Part D or Medicare Advantage plan year-to-year. However, millions of beneficiaries will see significant changes in their 2021 Medicare costs and coverage. Use this list to help you look for possible change in your coverage.

Each Medicare Part D plan has a national pharmacy network that includes 50,000 to 65,000+ pharmacies and both "preferred" and "standard" pharmacies can be included in a Medicare prescription drug plan . . .

With each new plan year - and throughout the plan year - your Medicare Part D plan (PDP) or Medicare Advantage plan that provides prescription coverage (MAPD) can change their formulary or drug list, . . .

If your stand-alone Medicare Part D prescription drug plan (PDP) - or Medicare Advantage plan that includes drug coverage (MAPD) - has an initial deductible, you will usually pay 100% of your prescr . . .

Based on current enrollment, 13.2 million Medicare beneficiaries will see their stand-alone 2020 Medicare Part D premiums increase in 2021 - with almost 3 million Medicare beneficiaries seeing at least a 20% increase in their monthly premium.

Over 1.8 million people are currently enrolled in a 2020 Medicare Part D plan that is changing names in 2021 - and may have significant changes in plan features (for example a 90% increase in monthly premiums.

Over 1.1 million people are currently enrolled in non-renewing 2020 Medicare Advantage plans and may lose their 2021 Medicare plan coverage unless they choose to enroll in another 2021 Medicare Part D or Medicare Advantage plan.