CMS has released the maximum broker commissions for Medicare Advantage and Medicare Part D for 2021. Please note: compensation varies by carrier. The carriers are not required to pay the CMS maximum amount.
COVID-19 has caused many obstacles for seniors. For one, many seniors did not, and still do not, feel comfortable with going to the doctors because of the high potential risks of being infected. Telehealth, a “technology to support long-distance clinical healthcare” (HealthIT), has now become the new normal for many seniors.
On January 1, 2020, it became official that Medigap plans C and F were discontinued for new enrollees. The reasons behind the discontinuation have to do with the 2015 Medicare
CMS released information on 2020 premiums and deductibles. For 2020, the Medicare Part B monthly premiums and the annual deductible are higher than the 2019 amounts.
For the 5th year in a row, CMS has raised the maximum rates of Broker and Agent commissions for Medicare Advantage Plans and Prescription Drug Plans. Here are some of the highlights.
The Centers for Medicare & Medicaid Services (CMS) recently released premium and cost-sharing information for Part D plans for the 2020 calendar year. Below are the highlights of a preliminary analysis.
The government currently has no plan for what to do when the money runs short. What are the current possibilities in play? Here is Dr. Steven Weisbart, Chief Economist at the Insurance Information Institute.
This funding is part of $250 million for State Rate Review Grants provided by the PPACA to improve the process for how States review proposed health insurance rates.
“With faster processing times and earlier communication, states now have much greater ability to manage their programs in an effective and predictable manner,” said CMS Administrator Seema Verma. “We want to ease bureaucratic requirements for both states and our own staff so that we can focus those resources on improving health outcomes rather than pushing paperwork.”
Today, the Centers for Medicare & Medicaid Services (CMS) introduced much-needed competition and negotiation into the market for physician-administered and other Part B medications that will result in better deals and lower drug costs for patients.
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