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Published on Sep 29, 2022 by Michelle Berney
The standard monthly Medicare Part B premium will be $164.90 in 2023, a reduction from $170.10 in 2022. Individuals and married couples with higher earnings, defined by Medicare as adjusted gross income of $97,000 single/$194,000 married for tax year 2021, may be subject to higher Part B and Part D premiums. BPLC has a chart of [...]
Published on Sep 23, 2022 by Michelle Berney
In 2023, individuals who qualify for full Extra Help (also known as the Low-Income Subsidy Program, LIS) can enroll in a standard Part D plan with a monthly premium of up to $38.90. Individuals with Medicaid and/or a Medicare Savings Program (MSP) are automatically enrolled in Extra Help. Individuals can also apply for Extra Help with [...]
Published on Aug 16, 2022 by Michelle Berney
Each year, from October 15 – December 7, individuals with Medicare can make changes to their Medicare coverage. Plan changes take effect on January 1.Changes can include:Switching from one Part D plan to another Part D plan (for those with Original Medicare) • Switching from one Medicare Advantage plan to another Medicare Advantage plan • Switching [...]
Published on Aug 16, 2022 by Michelle Berney
The Inflation Reduction Act, signed into law on August 16, 2022, contains many healthcare provisions, some of which will take effect in the beginning of 2023:The enhanced subsidies for purchasing a Qualified Health Plan, put in place by the American Rescue Plan Act (ARPA) of 2021, will continue for an additional three years, through 2025. Meaning [...]

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