Insurance Industry News
2020 Medicare Parts A & B Premiums & Deductibles
Each year the Medicare premiums, deductibles, and copayment rates are adjusted according to the Social Security Act. For 2020, the Medicare Part B monthly premiums and the annual deductible are higher than the 2019 amounts. The standard monthly premium for Medicare Part B enrollees will be $144.60 for 2020, an increase of $9.10 from $135.50 in 2019. The annual deductible for all Medicare Part B beneficiaries is $198 in 2020, an increase of $13 from the annual deductible of $185 in 2019. Read more...
Website Errors Raise Calls for Medicare To Be Flexible With Seniors' Enrollment
They can “call 1-800-MEDICARE and explain to our call center representatives that they have an issue with their plan choice. It is not CMS’s expectation that beneficiaries will have documentation or screenshots,” the statement said. The call center representatives “are trained and ready to help the beneficiary through the rest of the process.” Read more...
An agent's guide to MACRA
Medicare-eligibility through December 31, 2019 For your clients who are already Medicare-eligible or will be through December 31, 2019, their Medicare options are the same as they’ve always been. They can keep their existing plans or purchase any that cover the Part B deductible. Read more...