Over the weekend, the 2022 Medicare premiums and deductible were announced, and as with the Social Security COLA increase, Medicare premiums and deductibles also saw a healthy increase. Below is an article from CMS regarding the announcement, along with an article from Bloomberg regarding one of several reasons for the increases. Additionally, there is an article highlighting rising consumer complaints about MA plans and the marketing tactics used to lure them in.
Medicare’s Open Enrollment Is Open Season for Scammers
Medicare officials say complaints are rising from seniors lured into private plans with misleading information or enrolled without their consent. In response, officials have threatened to penalize the private companies selling Medicare Advantage and drug plans if they or agents working on their behalf mislead consumers.
Read in Kaiser Health News: https://apple.news/AMXTVtdZGT4unVTrOiYcyVw
Costly Alzheimer’s Drug Fuels Record Medicare Premium Hike
The standard monthly premium for Medicare outpatient, or “Part B,” coverage, will be $170.10 in 2022, up from $148.50 in 2021, senior Biden administration officials said Friday.
Read in Bloomberg: https://apple.news/AO9gw-hReT0qopP6F2pQXCA
This is all great information you and your clients should be aware of.
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Please be advised that a state of emergency was declared, impacting individuals in Connecticut. This declaration allows for a one-time Special Enrollment Period (SEP).
Please be advised that a state of emergency was declared, impacting individuals in New Jersey. This declaration allows for a one-time Special Enrollment Period (SEP).
Anthem/Empire wants to thank you for your hard work and efforts during AEP! Please take a look at the enclosed Success Guide and End of AEP Flyer. Following these tips will ensure all of your applications are processed smoothly, especially those submitted on December 7, 2021.
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