Q1Medicare.com - Latest Medicare News

Mar, 08 2023 — Medicare Part D drug coverage and financial Extra Help If you are eligible for Medicare, you can enroll in a Medicare prescription drug plan through a stand-alone Medicare Part D prescription drug pl . . .

Mar, 08 2023 — If you are eligible for Medicare and having difficulties paying for your prescription drugs, you may want to learn more about the Medicare Part D Extra-Help program by calling or visiting a local stat . . .

Feb, 28 2023 — The February 2023 Medicare Part D formulary updates included 103 new drug codes or NDCs representing 71 different medications. The NDC uniquely identifies a particular manufacturer, drug-strengt . . .

Feb, 28 2023 — As you may know, Medicare Part D prescription drug plans update their plan formularies (drug lists) throughout the plan year and the February 2023 Medicare Part D formulary updates included Seventy-o . . .

Feb, 28 2023 — The February 2023 Medicare Part D plan drug list updates include 16 newly-introduced generics and 16 newly-introduced brand drugs, including: ADLARITY®, CAPLYTA®, CRESEMBA®, DESCOVY®, ENTADFI®, HYFTOR®, JYNNEOS®, OSMOLEX ER®, PHEBURANE®, RELEUKO®, RELYVRIO®, and others

Feb, 27 2023 — Beginning in 2023, all Medicare drug plans will offer insulin products found on a Medicare Part D plan's formulary at a copay of no more than $35 for a 30-day supply based on the 2022 Inflation Reduc . . .

Feb, 07 2023 — The Special Election Period (SEP) for "Change of Residence" becomes available when the beneficiary is permanently relocating outside of their Medicare plan's Service Area. The Service Area can be a . . .

Jan, 14 2023 — The 2023 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

Jan, 07 2023 — Individuals who are entitled to Medicare Part A and Medicare Part B - and receive any type of assistance from the Title XIX (Medicaid) program (including full-benefit dual eligible individuals and tho . . .

Jan, 07 2023 — Medicare beneficiaries who did not enroll in Medicare Part D or Medicare Part B or Premium-Medicare Part A when first eligible because they were covered under a group health plan are granted a Special . . .

Jan, 05 2023 — A number of provision included in the “Inflation Reduction Act of 2022” (IRA) will impact 2023 Medicare Part D prescription drug plan coverage including: No cost for certain vacc . . .

Jan, 05 2023 — Each year the government provides a few opportunities to change drug plan coverage after the December 7th close of the Annual Enrollment Period (AEP). Starting in 2023 is a new Special Enrollment Period granted to anyone using an insulin product who wishes to change 2023 plans.

Dec, 24 2022 — The Centers for Medicare & Medicaid Services (CMS) released a compilation of the BIN and PCN values for each 2023 Medicare Part D plan sponsor.  Please note, the data below is Part 1 of 6 (E0 . . .

Dec, 24 2022 — The Centers for Medicare & Medicaid Services (CMS) released a compilation of the BIN and PCN values for each 2023 Medicare Part D plan sponsor.  Please note, the data below is Part 2 of 6 (H2 . . .

Dec, 24 2022 — The Centers for Medicare & Medicaid Services (CMS) released a compilation of the BIN and PCN values for each 2023 Medicare Part D plan sponsor.  Please note, the data below is Part 3 of 6 (H3 . . .

Jan, 16 2022 — The 2022 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

Mar, 08 2023 — If you are eligible for Medicare and having difficulties paying for your prescription drugs, you may want to learn more about the Medicare Part D Extra-Help program by calling or visiting a local stat . . .

Jul, 29 2021 — CMS released the 2022 low-income premium subsidy amounts (or Benchmark premiums) for Medicare Part D plans on July 29, 2021. In 2022, two regions will lower their Medicare Part D Low-Income Subsidy (LIS) benchmark premiums and 32 regions will increase their benchmark premium.

Nov, 13 2021 — Since 2020, the Income-Related Monthly Adjustment Amount (IRMAA) income brackets are inflation adjusted.  Consequently, people with an annual income under $170,000 who are at the low end of thei . . .

Jan, 16 2021 — 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.

Jul, 30 2020 — 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.

Nov, 06 2020 — 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 . . .

Oct, 03 2020 — You can find the WellCare Medicare Part D (PDP) pharmacy search and Medicare Advantage plan provider search tool at:  (1)  https://www.wellcare.com/PDP (2)  Look in the upper-rig . . .

Mar, 07 2022 — Update 12/24/2022: 2023 BIN and PCN available at Q1News.com/989 -- see first page (E0654 - H2134), second page (H2161 - H3655), third page (H3660 - H5355), fourth page (H5372 - H7220), fifth page . . .

Jan, 15 2021 — 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.

Jul, 29 2021 — If the retail value of your formulary drug purchases are over $370, you will enter the 2022 Donut Hole and, you will receive a 75% discount for all formulary drugs while in the Coverage Gap.

Apr, 06 2020 — On April 6, 2020, the Centers for Medicare and Medicaid Services (CMS) released the final 2021 Announcement that included the 2021 defined standard benefits for Medicare Part D prescription drug plan coverage.

Feb, 06 2020 — 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.

Jul, 13 2021 — If the total retail cost of your formulary medications is over $370 per month, you will exceed your Medicare Part D plan's $4,430 Initial Coverage Limit and enter the Donut Hole or Coverage Gap sometime in 2022.