Tag: Premiums
CMS: Medicare Advantage, drug programs to remain stable in 2024
September 27, 2023HME News Staff
WASHINGTON – Average premiums, benefits and plan choices for Medicare Advantage and the Medicare Part D prescription drug program will remain stable in 2024, according to CMS.
The announcement precedes the upcoming Medicare Open Enrollment period, which begins Oct. 15, 2023, to help people with Medicare determine the best Medicare coverage option for their health care needs.
“A top priority for CMS is to protect and strengthen the Medicare program for people with Medicare,...
CMS on exchanges: Lower premiums, more choice
October 20, 2020HME News Staff
WASHINGTON - Premiums for HealthCare.gov plans are lower for the third consecutive year, according to a new report from CMS. The average premium for the second lowest silver plan, or benchmark plan, on the federal health care insurance exchanges dropped by 2% for the 2021 coverage year, the report shows. “Our changes to the regulations and how we have managed the exchanges have proven to be more effective than previous administrations,” said CMS Administrator Seema Verma. Overall, there...
Medicare Advantage: CMS touts reduced premiums, increased access
September 25, 2020HME News Staff
WASHINGTON - The Medicare Advantage average monthly plan premium is expected to decrease 11% to $21 in 2021, CMS has announced. Since 2017, the average monthly plan premium has decreased 34.2%, according to the agency, saving beneficiaries nearly $1.5 billion in costs. “This is the lowest that the average monthly premium for a Medicare Advantage plan has been since 2007,” CMS state. “In some states, including Alabama, Nevada, Michigan and Kentucky, beneficiaries will see average...
CMS provides Medicare Advantage updates for 2017
September 27, 2016HME News Staff
WASHINGTON - Medicare Advantage premiums will remain stable and for the seventh straight year enrollment is projected to increase to a new all-time high, CMS announced Sept. 22. The average monthly premium will decrease by $1.19, from $32.59 in 2016 to $31.40 in 2017, about 4%. The majority of Medicare Advantage enrollees (67%) will experience no increase in premiums. Enrollment will increase to 18.5 million in 2017, a 60% increase from 2010. Thirty-two percent of all Medicare enrollees will be in...
In brief: Premiums for Medicare Advantage remain stable, complex rehab stakeholders launch petition
September 25, 2015HME News Staff
WASHINGTON - There won't be a cat-and-mouse game with premiums for Medicare Advantage plans this year.
CMS announced last week that premiums will decrease by about $0.31 next year, from $32.91 on average in 2015 to $32.60 on average in 2016. The agency says the majority of enrollees, 59%, will face no increase in premiums.
“Seniors and people with disabilities continue to experience stable premiums in Medicare health and drug plans,” said Sean Cavanaugh, CMS deputy administrator...
Premiums for Medicare Advantage plans to remain stable in 2016
September 22, 2015HME News Staff
WASHINGTON - There won't be a cat-and-mouse game with premiums for Medicare Advantage plans this year.CMS announced this week that premiums will decrease by about $0.31 next year, from $32.91 on average in 2015 to $32.60 on average in 2016. The agency says the majority of enrollees, 59%, will face no increase in premiums.“Seniors and people with disabilities continue to experience stable premiums in Medicare health and drug plans,” said Sean Cavanaugh, CMS deputy administrator and director...
CMS touts popularity, value of MA plans
September 19, 2014HME News Staff
WASHINGTON - Enrollment in Medicare Advantage (MA) plans in 2015 is projected to increase to a new all-time high, CMS announced Sept. 18.Premiums are expected to remain affordable, as well, the agency says.“Seniors and people with disabilities are benefiting from a transparent and competitive marketplace for Medicare health and drug plans,” stated CMS Administrator Marilyn Tavenner in a press release.The annual open enrollment period for Medicare and drug plans begins Oct. 15.Between...
In brief: 'Operation STOP NCB,' Medicare fraud hearing
November 21, 2012HME News Staff
WASHINGTON - NAIMES has scheduled a virtual fly-in for Dec. 5 to build support for H.R. 6490, a bill that would replace the current competitive bidding program with a market-pricing program (MPP). In what its calling “Operation STOP NCB,” NAIMES staff and board members will be in Washington, D.C., on Dec. 4 and 5 to visit the offices of key lawmakers. The association asks that providers follow up those visits with calls to their lawmakers on Dec. 5 from 8 a.m. to 5 p.m. “Let's...
Medicare premiums to rise in 2013
November 20, 2012HME News Staff
WASHINGTON - The monthly premium for Medicare Part B, which covers home medical equipment, will increase 5% in 2013, from $99.90 to $104.90, CMS announced Nov. 16. For high-income seniors—those with incomes greater than $85,000 for an individual and $170,000 for couples—premiums will increase $42 to $230.80 per month. The increase of $5 is less than the $9 increase predicted by trustees of the Medicare program.