Medicare Supplement Changes- Rumor Control!

Upcoming changes in the federal laws will affect the availability of certain Medicare Supplement Plans for certain Medicare beneficiaries. A new federal law, called the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), will affect the availability of certain Medicare Supplement Plans issued to newly-eligible Medicare beneficiaries on or after January 1, 2020. The Medicare Supplement Plans affected by MACRA …

Medicare Costs for 2019 Released

Description 2018 2019 Part A Inpatient hospital deductible $1,340 $1,364 Daily coinsurance for 61st-90th Day $ 335 $ 341 Daily coinsurance for lifetime reserve days $ 670 $ 682 Skilled Nursing Facility coinsurance $167.50 $170.50 Medicare Part B annual deductible $183 $185 Medicare Part B standard monthly premium $134 $135.50 High-Deductible Plan F $2,240 $2,300 Plan K out-of-pocket limit $5,240 …

Medicare To Provide More Benefits For Chronically Ill

From Allwell Centene:” In what the New York Times (6/24, Pear, Subscription Publication) calls “a rare instance of bipartisan cooperation on a major policy initiative,” the Trump Administration and Congress are “revamping Medicare to provide extra benefits to people with multiple chronic illnesses, a significant departure from the program’s traditional focus that aims to create a new model of care for millions …

Medicare Scam centers on new cards

Fox News is reporting that, while all seniors will get new Medicare Cards this year, scammers are trying to get you to give you your new 11 digit number, along with other personal information. A reminder that you should NEVER give this information to someone you do not know.  Also, there is no fee for this new card. The full …

Medicare issuing new ID numbers

CMS will soon begin mailing out new Medicare cards to all beneficiaries that contain NEW Medicare Beneficiary Identification (MBI) numbers. The new Medicare identification numbers will no longer contain Social Security Numbers and are intended to help protect individuals’ identities. Below is important information related to the issuance of new Medicare cards: New Medicare cards will be assigned to all Medicare …

Reminder – Medicare Part D Employer Notification Requirements

  Published: Thursday, September 7, 2017 Updated: Friday, September 22, 2017 Update 09/22/17: The Medicare and You 2018 handbook is now available. The 2018 Annual Election Period (AEP) for Medicare Part D begins October 15, 2017 and ends December 7, 2017. The Medicare Modernization Act of 2006 provides access to prescription drug coverage to all Medicare-eligible persons under Medicare Part D. …

New Medicare Cards introduced

To address the risk of medical identity theft, Section 501 of Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) mandates the removal of the Social Security Number (SSN)-based Health Insurance Claim Number (HICN) from Medicare ID cards. The Centers for Medicare and Medicaid Services (CMS) uses HICN with multiple parties including Medicare providers and plans. Security for Medicare members …