Tag: Premiums

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...

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...

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...

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 and director...

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...

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...

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 make...

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.