Q1Medicare.com - Latest Medicare News

Dec, 24 2024 — Contact a Medicare representative.  If you still have not received any enrollment confirmation or "Welcome" letter from your 2025 Medicare Part D or Medicare Advantage plan, you should contact a . . .

Dec, 16 2024 — 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 . . .

Dec, 04 2024 — The 2024 annual Medicare Open Enrollment Period (AEP) ends December 7th. After December 7th, most people will only have a limited opportunity to change their 2024 Medicare prescription drug plan coverage before next year's 2025 AEP.

Nov, 11 2024 — Starting in 2025, Medicare Part D beneficiaries enrolled in either a stand-alone Medicare Part D prescription drug plan (PDP) or Medicare Advantage plan that includes drug coverage (MAPD) with Enhanc . . .

Nov, 10 2024 — Some people will see a slight increase in their 2025 Income-Related Monthly Adjustment Amount (IRMAA) payments.  However, due to the annual inflation adjustments, people with reported incom . . .

Oct, 17 2024 — Over 6 million people have access to a 2025 Medicare Advantage plan with a 5-Star quality rating - and this means these people will have the option of using the 5-Star Special Enrollment Period (SEP) to change to a 5-Star Medicare plan once during 2025.

Oct, 15 2024 — The 2025 Medicare Part D and Medicare Advantage plan annual Open Enrollment Period (AEP) begins today, October 15th, and continues through December 7th. During the next seven weeks, you can add, change, or drop your 2025 Medicare Advantage plan or Medicare Part D plan.

Oct, 13 2024 — In general, most Medicare Advantage plans have a MOOP under $6,750 - with 30% of 2025 Medicare Advantage plans having a MOOP at, or below, $4,150. On the higher end, 31% of 2025 Medicare Advantage plans will have a MOOP between $6,751 and $9,350.

Oct, 12 2024 — The 2025 Medicare Advantage plan information recently released by the Centers for Medicare and Medicaid Services shows that Medicare beneficiaries can expect to have ample choices of Medicare Advantage plans in many areas across the country with continued low monthly premiums.

Oct, 12 2024 — The Medicare Advantage Special Needs Plan (SNP) landscape will be changing again in 2025, with 29% of 2024 SNPs discontinued and the introduction of many new SNPs yielding an 8% increase in the total number of 2025 SNPs across the country.

Oct, 09 2024 — An analysis of 2025 Medicare Advantage plan data shows that there will be 3% fewer Medicare Advantage plans available in 2025 as compared to 2024. Across the country, the total number of 2025 Medicare Advantage plans will decrease to 5,218, as compared to 5,377 plans in 2024.

Oct, 09 2024 — In 2025, over 3,109 counties include at least one Medicare Advantage plan with a Part B premium "Giveback" -- and 1,551 counties offer at least one $0/$0 Medicare Advantage (MAPD) plan with a Part B premium "Giveback".

Oct, 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.

Oct, 06 2024 — Choosing between a Medicare Advantage plan and a Medicare Supplement (Medigap) is a very personal decision, but the following example may help identify some of the important issues surrounding these t . . .

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 . . .

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 . . .

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.

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 . . .