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Annual Medicare plan changes

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 . . .

Dec, 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.

Oct, 22 2023 — More Medicare Part D plans use preferred network pharmacy pricing with about 93% of all stand-alone 2024 Medicare prescription drug plans (PDPs) using different cost-sharing for preferred vs. standard network pharmacies (as compared to 98% of all PDPs in 2023).

Oct, 15 2023 — The 2024 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 2024 Medicare Advantage plan or Medicare Part D plan.

Oct, 07 2023 — The Medicare Advantage Special Needs Plan (SNP) landscape will be changing again in 2024, with 21% of 2023 SNPs discontinued and the introduction of many new SNPs yielding a 4% increase in the total number of 2024 SNPs across the country.

Oct, 07 2023 — In general, most Medicare Advantage plans have a MOOP under $6,350 – with 29% of 2024 Medicare Advantage plans having a MOOP at, or below, $3,850. On the higher end, 24% of 2024 Medicare Advantage plans will have a MOOP between $6,351 and $8,850.

Oct, 07 2023 — In 2024, over 3,083 counties include at least one Medicare Advantage plan with a Part B premium "Giveback" – and 1,377 counties offer at least one $0/$0 Medicare Advantage (MAPD) plan with a Part B premium "Giveback".

Oct, 07 2023 — As noted by CMS, monthly Medicare Advantage plan premiums have remained stable or declined over the past several years, and this trend continues into 2024 with most Medicare Advantage plans having premiums under $50 per month.

Oct, 07 2023 — An analysis of 2024 Medicare Advantage plan data shows that there will be 0.15% more Medicare Advantage plans available in 2024 as compared to 2023. Across the country, the total number of 2024 Medicare Advantage plans will increase to 5,377, as compared to 5,369 plans in 2023.

Oct, 07 2023 — The 2024 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 2023 — An initial review of the stand-alone 2024 Medicare Part D prescription drug plans (PDPs) recently released by the Centers for Medicare and Medicaid Services (CMS), shows that Medicare beneficiaries . . .

Sep, 29 2023 — An analysis of the 2024 Medicare Part D prescription drug plan (PDP) landscape shows significantly fewer stand-alone Medicare Part D PDP options and the total number of 2024 PDPs qualifying for the Low-Income Subsidy (LIS) $0 premium will also decrease to historic lows.

Sep, 29 2023 — Based on the current 2023 Medicare Part D plan enrollment (September 2023) and increases in 2024 Medicare Part D plan premiums, we estimate that around 73% of current 2023 PDP enrollees may have a premium increase in 2024 - unless they change to a more-affordable 2024 plan.

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.

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.

Dec, 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.

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, 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 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 . . .

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, 07 2023 — In general, most Medicare Advantage plans have a MOOP under $6,350 – with 29% of 2024 Medicare Advantage plans having a MOOP at, or below, $3,850. On the higher end, 24% of 2024 Medicare Advantage plans will have a MOOP between $6,351 and $8,850.

Sep, 26 2022 — Each year a Medicare Advantage plan's Maximum Out-of-Pocket (MOOP) threshold can change and in 2023, 15% of Medicare Advantage plans have a $8,300, $7,550 or $6,700 MOOP and slightly more plans will have a MOOP at, or below $3,600.

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 . . .