Along with the launch of Medicare Part D in 2006 came a program for individuals whose income and resources were limited, providing assistance with the cost of their medications. This program is called Low Income Subsidy (LIS), or Extra Help, and covers 12.5 million individuals as of March, 2019. LIS individuals qualify to receive assistance […]
The Centers for Medicare & Medicaid Services (CMS) released the 2020 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs. Medicare Part B Premiums/Deductibles The standard 2020 Medicare Part B premium will be increasing $9.10 per month, from $135.50 to $144.60. The 2020 annual Part B deductible will be seeing […]
MACRA, the Medicare Access and CHIP Reauthorization Act of 2015, will be changing the Medicare supplement marketplace starting in 2020. Brought on by fears that certain supplement plans were leading to over-utilization of the Medicare program, what we offer today and what will be available next year will be similar, but different in many ways. […]
The National Association of Insurance Commissioners (NAIC) issued a warning about a new phishing scam targeting insurance producers. From their website https://www.naic.org, the alert says “We are aware of a phishing scam targeting insurance producers regarding a falsified insurance claim related to their company that has been submitted to the National Association of Insurance Commissioners. […]
From the U.S. Department of Health and Human Services, Office of Inspector General, “Fraud Alert: Genetic Testing Scam” – Updated August 13, 2019. The US Department of Health and Human Services Office of Inspector General is alerting the public about a fraud scheme involving genetic testing. Genetic testing fraud occurs when medicare is billed for […]
Many agents utilize Medicare.gov’s Plan Finder to run their clients’ drug lists each year in the search for the “best” coverage available. In doing so, agents have saved thousands of drug list ID’s and passwords so they can go back into the system the following year, retrieve the list and re-check the results. Starting October […]
