Q1Medicare.com - Latest Medicare News

Oct, 03 2024 — An initial review of the stand-alone 2025 Medicare Part D prescription drug plans (PDPs) recently released by the Centers for Medicare and Medicaid Services (CMS), shows that, as in past years, Me . . .

Oct, 03 2024 — An analysis of the 2025 Medicare Part D prescription drug plan (PDP) landscape shows that, although there are fewer stand-alone Medicare Part D PDP options qualifying for the Low-Income Subsidy (LIS) $0 premium - some states will be adding more LIS $0 qualifying plans.

Aug, 06 2024 — For the first time since 2006, CMS does not release the projected 2025 Medicare Part D Basic premium. Instead, CMS introduced the Voluntary Part D Premium Stabilization Demonstration offering stand-alone Medicare Part D plans financial incentives for reducing 2025 premiums.

Aug, 06 2024 — October 1st.  The 2025 Medicare Part D and Medicare Advantage plan information will be officially released on October 1st and will be included on the Medicare.gov Plan Finder website.  Her . . .

Jul, 29 2024 — A person enrolled in a Medicare drug plan may owe a late enrollment penalty (LEP) if they are without Part D drug coverage - or other creditable prescription drug coverage - for any continuous period . . .

Jul, 29 2024 — The Centers for Medicare and Medicaid Services (CMS) released the 2025 low-income premium subsidy amounts (or Benchmark premiums) for Medicare Part D plans on July 29, 2024, and in 2025, seventeen (1 . . .

Jul, 29 2024 — Based on the newly released national base Medicare Part D premium, the 2025 Part D Late-Enrollment Penalty rate will increase 6% -- with the maximum late-enrollment penalty now reaching as high as an extra cost of $984 for the year.

Jul, 28 2024 — The mailings schedule from the Centers for Medicare and Medicaid Service (CMS), the Social Security Administration (SSA), and Medicare plans is online and includes the different information and form-l . . .

Jul, 10 2024 — Yes.  However, although Wegovy® is now available as a Medicare Part D drug (based on certain health conditions, but not exclusively for weight loss), only a select number of 2024 Medicare d . . .

Jul, 09 2024 — June 9 update - NOAA forecasters predict an "above normal" Atlantic hurricane due in part to near-record warm ocean temperatures and wind patterns. Experts are advising people to prepare for every hurricane season, no matter how much activity is predicted.

Jul, 05 2024 — What you pay for your Medicare Part D drugs can change as retail drug prices change and as you move through the phases of your Medicare drug plan coverage.

Jun, 29 2024 — The June 2024 Medicare Part D formulary updates included 46 new drug codes or NDCs representing 28 different medications. The NDC uniquely identifies a particular manufacturer, drug-strength, an . . .

Jun, 29 2024 — The June 2024 Medicare Part D plan drug list updates include four (4) newly-introduced generics and four (4) newly-introduced brand-name drugs. There are a total of 46 new ndcs representing 28 different drugs.

Jun, 28 2024 — 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 . . .

Jun, 02 2024 — As you may know, Medicare Part D prescription drug plans update their plan formularies (drug lists) throughout the plan year and the May 2024 Medicare Part D formulary updates included fifty-two (52) . . .

Aug, 16 2023 — A number of changes are included in the Inflation Reduction Act of 2022 impacting future Medicare Part D prescription drug plan coverage.

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

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.

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

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.

Jan, 27 2024 — 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 . . .

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 . . .

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

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 . . .

Aug, 04 2023 — If the retail value of your formulary drug purchases are over $420, you will enter the 2024 Donut Hole and, you will receive a 75% discount for all formulary drugs while in the Coverage Gap.