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What is New in 2021 for Medicare 1. Costs Part A deductible for each hospital stay: $1,484 (vs. $1,408 in 2020). Part B monthly premium: $148.50 (vs. $144.60); Part B annual deductible: $203 (vs. $198). Part D prescription drug plan average monthly premium: $30.50 (vs. $32.74). 2. Expanded telehealth All beneficiaries can get virtual check-ins with doctors and other health care providers. 3. Medicare Advantage expands More Medicare Advantage plans are offering extra services, including meals at home, rides to health appointments, safety improvements to homes and nutrition counseling. 4. Dealing with Coronavirus Medicare will pay for COVID-19 testing, and coronavirus vaccines will be free to beneficiaries. 5. Medicare Compare website The program has created a one-stop online tool to help enrollees compare medical providers, hospitals, nursing homes and other facilities. 6. Fewer Medigap plans In 2021...
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News alert CMS Releases 2024 Projected Medicare Part D Premium and Bid Information Jul 31, 2023 Medicare Part D The Centers for Medicare & Medicaid Services (CMS) today announced that the average total monthly premium for Medicare Part D coverage is projected to be approximately $55.50 in 2024. This expected amount is a decrease of 1.8% from $56.49 in 2023. Stable premiums for Medicare prescription drug coverage in 2024 are supported by improvements to the Part D program in the Inflation Reduction Act that allow people with Medicare to benefit from reduced costs. CMS is releasing the projected average total monthly Part D premium—calculated based on plan bids submitted to CMS—to help individuals understand overall Part D premium trends before Me...
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