Q1Medicare.com - Latest Medicare News
Annual Medicare Plan Changes

Aug, 18 2023 — Based on the 2024 Medicare Part D plan bids and June plan enrollment, the 2024 average total Part D premium is projected to be $55.50 per month, a decrease of 1.8 percent from the 2023 average total premium of $56.49.

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.

Aug, 16 2023 — October 1st.  The 2024 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 . . .

Aug, 14 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.

Nov, 26 2022 — Many people are reluctant to change their Medicare Part D or Medicare Advantage plan year-to-year. However, millions of beneficiaries will see significant changes in their 2023 Medicare costs and coverage. Use this list to help you look for possible change in your coverage.

Oct, 21 2022 — As in past years, some 2022 Medicare Part D plans are changing their cost-sharing designs for 2023 prescription drug purchases - and such changes will affect what you pay when purchasing formulary drugs at a network pharmacy.

Oct, 20 2022 — More Medicare Part D plans use preferred network pharmacy pricing with about 98% of all stand-alone 2023 Medicare prescription drug plans (PDPs) using different cost-sharing for preferred vs. standard network pharmacies (as compared to 97% of all PDPs in 2022).

Oct, 20 2022 — Although Medicare drug plans often reduce the size of their formularies year-to-year, almost 3.8 million Medicare beneficiaries will see at least 100 medications added to their 2023 Medicare Part D drug plan's formulary.

Oct, 19 2022 — Almost 3 million people are currently enrolled in non-renewing 2022 Medicare plans and 1.4 million people will lose their 2023 Medicare plan coverage unless they choose to enroll in a different 2023 Medicare Part D or Medicare Advantage plan.

Oct, 19 2022 — Based on current enrollment, 11.9 million Medicare beneficiaries will see their stand-alone 2022 Medicare Part D premiums increase in 2023 - with almost 2.7 million Medicare beneficiaries seeing at least a 20% increase in their monthly premium.

Oct, 18 2022 — If your stand-alone Medicare Part D prescription drug plan (PDP) - or Medicare Advantage plan that includes drug coverage (MAPD) - has an initial deductible, you will usually pay 100% of your prescr . . .

Oct, 15 2022 — The 2023 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 2023 Medicare Advantage plan or Medicare Part D plan.

Oct, 09 2022 — In 2023, over 3,008 counties (or ZIP Code areas) include at least one Medicare Advantage plan with a Part B premium "Giveback" - and 1,283 counties offer at least one $0/$0 Medicare Advantage (MAPD) plan with a Part B premium "Giveback".

Oct, 08 2022 — The 2023 Medicare Advantage plan information recently released by the Centers for Medicare and Medicaid Services (CMS) shows that Medicare beneficiaries can expect more Medicare Advantage plans in many areas across the country with continued low monthly premiums.

Oct, 05 2022 — 2023 Q1Medicare.com Part D Plan Finder, Medicare Advantage Plan Finder, and other online tools have been updated with the 30-day drug cost-sharing; formulary size; full- and partial-LIS premiums; and Medicare Advantage plan health care and supplemental benefits.

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.

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, 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.

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.

Aug, 14 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.

Jul, 29 2015 — The Centers for Medicare and Medicaid Services (CMS) announced today that average monthly Medicare Part D premiums should remain stable in 2016.  Based on the Medicare Part D plan carrier bids, t . . .

Aug, 16 2023 — October 1st.  The 2024 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 . . .

Oct, 09 2022 — In 2023, over 3,008 counties (or ZIP Code areas) include at least one Medicare Advantage plan with a Part B premium "Giveback" - and 1,283 counties offer at least one $0/$0 Medicare Advantage (MAPD) plan with a Part B premium "Giveback".

Sep, 28 2020 — Each year a Medicare Advantage plan's Maximum Out-of-Pocket (MOOP) threshold can change and in 2021, the Centers for Medicare & Medicaid Services (CMS) will allow Medicare Advantage plans to increase their Maximum Out-of-Pocket limit to $7,550 -from the 2020 MOOP limit of $6,

Oct, 02 2021 — Each year a Medicare Advantage plan's Maximum Out-of-Pocket (MOOP) threshold can change and in 2022, 19% of Medicare Advantage plans have a $7,550 or $6,700 MOOP and slightly more plans will have a MOOP at, or below $3,450.

Oct, 16 2021 — Over 190,000 people are currently enrolled in non-renewing 2021 Medicare plans and will lose their 2022 Medicare plan coverage unless they choose to enroll in a different 2022 Medicare Part D or Medicare Advantage plan.

Sep, 27 2019 — The Medicare Advantage plan Maximum Out-of-Pocket (MOOP) threshold limits how much you will spend on co-payments and co-insurance for eligible Medicare Part A (in-patient or hospitalization) and Medi . . .

Apr, 02 2019 — On April 1st, the Centers for Medicare and Medicaid Services (CMS) released the 2020 Announcement and Final Call Letter that includes the defined standard benefits parameters for 2020 Medicare Part . . .