The Inflation Reduction Act of 2022 is making major changes to the Medicare Part D program as we head into 2025. As the law is promoted as providing “..meaningful financial relief for millions of people with Medicare by expanding benefits, lowering drug costs, and strengthening Medicare for the future.”, we know that it will inevitably […]
ATTENTION: BIG Changes Coming to the Medicare Market The Inflation Reduction Act of 2022 is bringing some major changes to the Medicare landscape that will impact all beneficiaries for years to come. Are you ready to help your clients find their best-fit coverage? In brief, the IRA made or will make the following changes to […]
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 […]
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 […]
Agents in Minnesota have had a particularly busy AEP this year with over 300,000 Medicare Cost plan members in that state losing their coverage at the end of this month. In other areas of the county, smaller pockets of Medicare beneficiaries are also losing coverage as some Medicare Advantage and Cost plans are not renewing […]
“In a few years, I’m going to be obsolete.” That statement was made to me recently by a dear friend and a long-time insurance agent who was quite put out that a client had enrolled in a Medicare Advantage plan directly over the internet. “My clients can look at plans on Medicare’s website, and can […]
