How Much is Medicare Going Up in 2024
Medicare, the federal insurance for citizens over 65 and some with disabilities, often adjusts for sustainability. In 2024, it’s vital for beneficiaries to know the updates to Medicare Part B costs. This article covers these changes based on the most recent official CMS announcements. The 2024 Medicare Part B Monthly Premium The Medicare Part B
Medicare Announces First 10 Drugs for Price Negotiations
In a groundbreaking move aimed at alleviating the escalating burden of prescription drug costs, the US Department of Health and Human Services (HHS) has unveiled the first 10 drugs that Medicare will target for price reductions through negotiations with pharmaceutical companies. These landmark negotiations have the potential to reshape the healthcare landscape, making life-saving medications
2023 Medicare Solvency Improves With Trustee Report
The trustees overseeing Medicare’s financial operations have recently announced positive news for the second consecutive year regarding the fund responsible for covering hospital care expenses for its 65 million beneficiaries. According to the latest report, which was published on March 31, the fund’s financial outlook has improved to such an extent that it is now
What Does the CMS 2024 Final Rule Mean for You?
Each year the Centers for Medicare and Medicaid Services review proposed changes to the Medicare program. The CMS 2024 final rule will most impact agents and third-party marketing organizations. The 2024 final rule requires a minimum 48-hour window between a Scope of Appointment form being completed and an appointment taking place. It also limits how
Is the Federal Government Cutting Medicare Advantage?
More than 60 million seniors and disabled individuals lean on Medicare for healthcare coverage. Potential cuts to Medicare Advantage remain a high-priority talking point between Democrats and Republicans. Let’s dive further into the proposed rule changes regarding cutting Medicare Advantage and what it may mean for you. Cutting Medicare Advantage: Do the proposed changes strengthen
The State of Medicare & Social Security
Medicare and Social Security are federal government programs offering Americans some reassurance and a safety net through retirement or disabilities. Both programs are very similar but very different. Below we’ll review the current state of Medicare and Social Security and what it means for you. Current State of Medicare and Social Security Medicare currently provides
What does it Mean to Sunset Social Security and Medicare?
The Social Security and Medicare programs are two of the most critical safety nets for American seniors. So when President Biden said that Republicans want to “sunset” these programs, it caused quite a stir. But what does it mean to sunset Social Security and Medicare? Let’s take a closer look. Sunset Medicare and Social Security:
Why Medicare Won’t Cover Paxlovid
Paxlovid is an experimental oral COVID-19 treatment, and as with other experimental treatments, it’s not covered by Medicare. This is because Medicare does not cover any experimental treatments that have not been proven to be safe and effective. Therefore, if you are seeking therapy for COVID-19, you may not be able to have Paxlovid covered
How the Leqembi FDA Approval Affect Medicare Beneficiaries
The Food and Drug Administration has provided approval of Leqembi as a treatment option for mild to moderate Alzheimer’s disease. It works by blocking a specific enzyme responsible for the production of amyloid beta, a protein responsible for forming plaques in the brain, a hallmark of Alzheimer’s disease. Leqembi is the first drug to receive
What to Expect With The Medicare Part B Decreases for 2023
Each year the Centers for Medicare and Medicaid Services review the spending from the federal Medicare Program to project cost changes for the following year. While this is necessary, many Medicare beneficiaries become nervous waiting for the new numbers and expect increases. Fortunately, in 2023, these costs will be lowered from the previous year. We’ll