Medicare beneficiaries are frequently the target of fraudulent schemes. You can help your clients avoid falling victim to one of these scams by doing two things. First, educate them on how these schemes work. Second, encourage them to register for the National Do Not Call List.

The Medicare Advantage Open Enrollment Period runs from January 1- March 31. It is important to remember the rules of this Special Election period – Agents/Plans cannot market OEP and Member Eligibility.

The Affordable Care Act (ACA) Health Insurance Marketplace is opening back up for a new Special Enrollment Period. CMS recently announced the decision, which was made in response to the ongoing COVID-19 pandemic.

2020 has been an unprecedented year, and many have been wondering how the pandemic and economic issues would impact Medicare costs in 2021.

People can now stop wondering. CMS has announced the Medicare cost increases for 2021.

Medicare has announced the Low Income Subsidy (LIS) resource limits for 2021. Also called Extra Help, this program provides financial assistance with Medicare prescription drug costs. 

Big changes will impact costs for Medicare enrollees with diabetes next year. Roughly 1,635 Medicare plans will be participating in the Senior Savings Program. Starting January 1, 2021, beneficiaries who enroll in one of these plans will have a maximum copay of $35 for a 30-day supply of insulin.

People receiving Social Security will get a small raise next year. The cost-of-living adjustment (COLA) for 2021 has been announced, and it will be 1.3%.

With so much happening on Capitol Hill, you might have missed some developments that could impact Medicare. Here’s a quick recap of recent events to get you caught up.

Referrals can be a great way to grow your Medicare insurance business, and you may want to use gifts to reward the clients who give you referrals. But watch out. CMS has strict rules governing incentives and gifts. Make sure you know what you can and can’t do.

There’s a lot going on these days – so much that it’s easy to miss a thing a two. Here’s a look at some of the most recent developments that could have a major impact on Medicare.