Q1Medicare.com - Latest Medicare News

Updated  1/8/2020 for 2020 resource limits.  See below The 2019 Federal Poverty Level (FPL) Guidelines determine the income level requirements for people applying for the Medicare Part D . . .

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 . . .

Updated  1/8/2020 for 2020 resource limits.  See below The 2019 Federal Poverty Level (FPL) Guidelines determine the income level requirements for people applying for the Medicare Part D . . .

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 . . .

The 2020 standard Initial Coverage Limit (ICL) is $4,020. The Initial Coverage Limit is the measured by the retail cost of your drug purchases and is used to determine when you leave your Medicare . . .

Seventeen 2020 Medicare plans (from five providers) have received low-quality ratings for the last three years, and therefore members may qualify for a Special Enrollment Period (SEP) to leave the pla . . .

About $3,952 - maybe even a little more depending on your Medicare Part D plan. However, your actual savings in the 2020 Donut Hole will depend on several things including: (1)  How much . . .

The Medicare.gov plan finder has add a temporary new feature to the "add your prescription drugs" section of the plan finder.  Towards the bottom of the page, you will see a button "Find Your Sav . . .