Category: Medicare

Need to Know – The LIS Program

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 […]

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2020 Medicare Parts A & B Premiums and Deductibles

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 […]

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Medicare Supplements 2020 – What to Expect

MACRA, the Medicare Access and CHIP Reauthorization Act of 2015, will be changing the Medicare supplement marketplace starting in 2020. Brought on by fears that certain supplement plans were leading to over-utilization of the Medicare program, what we offer today and what will be available next year will be similar, but different in many ways. […]

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Medicare Fraud Alert: Genetic Testing Scam

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 […]

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Medicare.gov Plan Finder Changes are Coming

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 […]

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Can Your (Future) Clients Find You Online?

The Baby Boomer Generation, those born between 1946 and 1964, represents the single largest group of individuals that will transition from the workforce to retirement, happening from 2011 to 2029. Doing the math, it works out to approximately 10,000 per day or, even more granular, one every 8 seconds. They control over 70% of disposable […]

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