Q1Medicare.com - Latest Medicare News

May, 28 2023 — NOAA forecasters predict a near-normal 2023 Atlantic hurricane season with 12 to 17 named storms. As always, experts are advising people to prepare for every hurricane season, no matter how much activity is predicted.

May, 21 2023 — The May 2023 Medicare Part D formulary updates included 49 new drug codes or NDCs representing 32 different medications. The NDC uniquely identifies a particular manufacturer, drug-strength, and . . .

May, 21 2023 — The May 2023 Medicare Part D plan drug list updates include two newly-introduced generics: BISOPROLOL-HCTZ [Ziac] and LEVOFLOXACIN DROPS. The updates include the addition of 49 new National Drug Codes (NDCs), representing 32 different prescription drugs.

Apr, 30 2023 — The April 2023 Medicare Part D plan drug list updates include six newly-introduced generics: BRIMONIDINE [Mirvaso®] DICLOFENAC POTASSIUM [Cambia®] SODIUM OXYBATE [Xyrem®] TOPIRAMATE ER [Trokendi XR® Qudexy XR®] and seven newly-introduced brand-name drugs: AMJEVITA® . . .

Apr, 04 2023 — The Centers for Medicare and Medicaid Services (CMS) released the 2024 Rate Announcement with the finalized 2024 defined standard benefits for Medicare Part D plans along with highlights of cost-saving measures especially for Medicare beneficiaries with high prescription costs.

Mar, 26 2023 — If you find that your Medicare Part D drugs are costing more this year, you can ask your plan for a Tiering Exception or a requesting that your plan move your medication to a lower, more affordable formulary drug tier.

Mar, 25 2023 — Can my Medicare drug plan drop the coverage of one of my prescriptions during the plan year? Yes. Your 2023 Medicare Part D prescription drug plan's formulary or drug list can change throughout the year adding new generic or brand-name drugs - or removing drugs.

Mar, 25 2023 — The March 2023 Medicare Part D plan drug list updates include two newly-introduced generics: ESTRADIOL [Divigel®] and METRONIDAZOLE [Vandazole®] and three newly-introduced brand-name drugs: AUVELITY®, ROXYBOND®, and ZORYVE®

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 — 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 — Starting in 2023, the Inflation Reduction Act (IRA) provides that all Medicare drug plans will offer insulin products found on the plan's formulary at a copay of no more than $35 for a 30-day supply. . . .

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 . . .

Jul, 29 2022 — CMS released the 2023 low-income subsidy (LIS) Benchmark premiums for Medicare Part D plans on July 29, 2022. In 2023, seven regions will lower their LIS benchmark premium, one will remain the same, and 26 regions will increase their benchmark premium.

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

Sep, 28 2022 — Most people will see a slight decrease in their 2023 IRMAA payments.  However, due to the annual inflation adjustments, people with at the bottom of a bracket last year's will now be at the top o . . .

Apr, 04 2022 — On April 4, 2022, the Centers for Medicare and Medicaid Services (CMS) released the 2023 Rate Announcement with the 2023 defined standard benefits for Medicare Part D providing an insight into next year's basic Medicare prescription drug plan coverage.

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.

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

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 . . .

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.