Tag: Medicare

4 Things to Consider When Comparing Medicare Plans | Pennsylvania Employee Benefits Team

Comparing Medicare health and prescription drug plans can be complicated. Keep in mind these 4 things to make your plan choice easier with the Medicare Plan Finder. Total cost for care. It’s important to think about your total out-of-pocket costs, includingdeductibles,copayments, coinsurance, maximums, and drug costs, that you’ll pay with a Medicare health or drug plan. When you compare … Continued

CMS Publishes 2020 Benefit Payment and Parameters Final Rule | PA Employee Benefits UBA

The Centers for Medicare and Medicaid Services (CMS) published its final rule and fact sheet for benefit payment and parameters for 2020. Although the final rule primarily affects the individual market and the Exchanges, the final rule addresses the following topics that may impact employer-sponsored group health plans: The 2020 maximum annual limitation on cost sharing is $8,150 for … Continued

CMS Disclosure Requirement for Employer Health Plans | PA Benefit Advisors

Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every year with information about your plan’s drug coverage. You have 60 days from the start of your health plan year to complete the form. For … Continued

Employer Medicare Part D Notices Are Due Before October 15 | PA Benefit Advisors

Are you an employer that offers or provides group health coverage to your workers? Does your health plan cover outpatient prescription drugs—either as a medical claim or through a card system? If so, be sure to distribute your plan’s Medicare Part D notice before October 15. Purpose Medicare began offering “Part D” plans—optional prescription drug … Continued

Employer Medicare Part D Notices Are Due Before October 15 | PA Benefit Advisors

Are you an employer that offers or provides group health coverage to your workers? Does your health plan cover outpatient prescription drugs — either as a medical claim or through a card system? If so, be sure to distribute your plan’s Medicare Part D notice before October 15. Purpose Medicare began offering “Part D” plans … Continued

Open Enrollment Changes

While individuals who are eligible for Medicare may elect to enroll in a health marketplace plan instead, most likely will find that a Medicare option best fits their needs.

Regional Variations

A new study, reported in Kaiser Health News, concludes that health differences across the country explain between 75 percent and 85 percent of the cost variations in Medicare health care spending

Retiree Exchanges

60% of polled companies that offer health coverage to Medicare-eligible retirees are reconsidering the way they provide those benefits

 

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