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Category: Costs

Costs

3 Common Mistakes to Avoid During the Medicare Annual Enrollment Period (AEP)!

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The Medicare Annual Enrollment Period (AEP) is a crucial time of year for Medicare recipients to reevaluate their coverage and make necessary changes. This period, which runs from October 15 to December 7 annually, offers the opportunity to find more affordable coverage, reduce prescription drug costs, or even get more coverage for a similar price. To help you make the most of the AEP, we’ve identified three common mistakes to avoid. Ignoring Your Medicare Annual […]

The Centers for Medicare & Medicaid Services (CMS) revealed on Thursday, August 31st 2023, that the initial group of ten Medicare Part D medications slated for negotiation under the Inflation Reduction Act (IRA) has been identified.

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These drugs have been designated based on the outlined criteria within the IRA. This legislation mandates that CMS prioritize drugs with the highest Medicare expenditure and minimal competition, among other considerations. The resulting roster encompasses medications that are crucial for numerous Medicare recipients in treating various conditions such as cancer, diabetes, blood clotting, heart failure, autoimmune disorders, and chronic kidney disease. Negotiations regarding pricing will commence this year between CMS and the participating pharmaceutical manufacturers. […]

National Immunization Awareness Month

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August marks Immunization Awareness Month, a time when we focus on the health of seniors by educating on immunizations. Seniors staying up-to-date with vaccinations can play an important role in preventive care. Fortunately, Medicare Part B and D plans offer comprehensive coverage for a range of vaccines, ensuring that older adults can access the protection they need to lead healthier, active lives. The recently passed Inflation Reduction Act Lowers Health Care Costs for Millions of […]

5 Tips to Protect Yourself from Medicare Fraud: Stay Safe and Informed

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As a senior citizen, you rely on Medicare to provide you with the medical care you need to stay healthy.  Unfortunately, scammers and fraudsters also know how valuable your Medicare benefits are, and they will go to great lengths to try to trick you into giving up your personal information or signing up for services you do not need. Here are some tips to help you avoid Medicare fraud:       1.            Protect your Medicare card: […]

Medicare Prescription Drug Inflation Rebate Program

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We have some exciting news to share with you! The Biden-Harris Administration recently launched the Medicare Prescription Drug Inflation Rebate Program, which will protect you and taxpayers against drug price hikes that exceed the inflation rate. Starting from April 1, 2023, you will have access to 27 Part B prescription drugs that will be available at lower coinsurance rates.  Depending on your individual coverage, you may save between $2 and $390 per average dose. This […]