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 […]
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 […]
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 […]
September 1st marked the beginning of Life Insurance Awareness Month, making it the perfect time to have conversations with your Medicare clients and prospects to see if they have adequate life insurance coverage, and to see if they have appropriately planned for their end-of-life needs. It is no false tagline, oftentimes a customer can secure […]
