The Center for Medicare and Medicaid Services (CMS) has announced the 2024 Medicare Premiums and Copay/Deductibles. Medicare Part B Premium The Medicare Part B standard monthly premium will be $174.70 in 2024, compared to $164.90 in 2023. Note: The income-related Part B premiums for 2024 will vary depending on the extent to which an individual beneficiary’s income exceeds $103,000 (or a married couple’s income exceeds $206,000). 2024 Income Level-File Individual 2024 Income Level-File Joint 2024 Part B Premium Less than or equal to $103,000 Less than or equal to $206,000 $174.90 Greater than $103,000 and less than or equal to
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CMS Requires New Verbal Disclaimer to be Read During Telephonic Sales Calls
The disclaimer announced in the 2023 CMS Final Rule extends to telesales calls and must be read within the first minute of the call. This disclaimer now applies to all third-party CY2023 materials as well as telesales calls beginning October 1, 2022. This rule was implemented after CMS reviewed beneficiary complaints and listened to the sales organizations’ telephonic enrollments. From this, CMS determined that many beneficiaries are confused about the enrollment process as well as the plan choices available to them. This disclaimer was created to help clear up that confusion. DISCLAIMER: “We do not offer every plan available in
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GoldenCare News, Industry News, and Medicare Supp./Adv..
annual election period, Annual Enrollment Period, CMS, CMS Compliance, CMS Final Rule, CMS Final Rule Update, comparing, insurance, medicare, Medicare Advantage, medicarecenter, Medigap, Open Enrollment, Open Enrollment Period, PDP, Prescription Drug Plans, and quoting.
annual election period, Annual Enrollment Period, CMS, CMS Compliance, CMS Final Rule, CMS Final Rule Update, comparing, insurance, medicare, Medicare Advantage, medicarecenter, Medigap, Open Enrollment, Open Enrollment Period, PDP, Prescription Drug Plans, and quoting.
Good News | Our Call Recording Solution Is LIVE!
MedicareCENTER’s Call Recording Goes Live TODAY! This powerful and completely FREE platform is made just for agents like you, built with features to help you succeed on your AEP journey and beyond! Now that MedicareCENTER offers powerful, easy-to-use and FREE Call Recording solutions, you will have everything you need to make compliance and success a breeze — all in one place. Call Recording Launch Flyer Visit MedicareCENTER Now → If you’re already appointed through GoldenCare, but are not yet taking advantage of all we have to offer, call your Regional Director at 800-842-7799!
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How can I record calls in compliance with the new CMS call recording requirements?
How can I record calls in compliance with the new CMS call recording requirements? New CMS Call Recording Requirements: GoldenCare’s Team is here to help CMS has new Medicare marketing rules and guidelines that apply to MA plans, PDP plans and MAPD plans — they affect how you work as an agent and will likely mean big changes for you and your organization. The changes include: New requirements for third-party marketing organizations like Integrity and its partners A new process for submitting marketing materials to CMS A new, broader definition of “marketing” that expands the types of materials that
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AEP Applications Must Be Received By December 7
Don’t Be Late! AEP Applications must be received by December 7th! The Annual Enrollment Period (AEP) ends in just a few days! During this final push, be sure to submit complete, legible applications to carriers early. In order to process your applications, GoldenCare must receive applications by 12:00 Noon. After 12:00 Noon, applications must be submitted directly to the carrier for process. Remember, the earlier the better – this gives carriers time to scrub the applications and put them into the system accurately. REVIEW YOUR APPLICATIONS! Santa is checking it twice… Take a peek at your submitted applications and verify
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2022 Copay and Deductibles Announced
The Centers for Medicare and Medicaid Services (CMS) recently announced their 2022 Copay/Deductibles. Listed below are basic costs for people with Medicare. 2022 Copay/Deductibles 2021 2022 Part A Deductible $1,484 $1,556 Part B Deductible $203 $233 Part A Coinsurance Days 61 — 90 $371 $389 Days 91 — 150 (Lifetime Reserve Days*) $742 $778 Skilled Nursing Home Days 21 — 100 $185.50 $194.50 Standard Part B Monthly Premium $148.50 $170.10 High Deductible Plans F & G $2,370 $2,490 Plan K Out of Pocket $6,220
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2022 Copay and Deductibles
The Center for Medicare and Medicaid Services (CMS) has announced the 2022 Medicare Premiums and Copay/Deductibles. Medicare Part B Premium The Medicare Part B standard monthly premium will be $170.10 in 2022, compared to $148.50 in 2021. Note: The income-related Part B premiums for 2022 will vary depending on the extent to which an individual beneficiary’s income exceeds $91,000 (or a married couple’s income exceeds $182,000). 2022 Income Level-File Individual 2022 Income Level-File Joint 2022 Part B Premium Less than or equal to $91,000 Less than or equal to $182,000 $170.10 Greater than $91,000 and less than or equal to
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Important: CMS Guidance regarding Third Party Marketing and HPMS filing requirements
On October 8th, 2021, CMS issued guidance regarding Third Party Marketing and HPMS filing requirements (see Third Party Marketing, CMS). We as insurance agents and agencies are considered “Third-Parties” by definition under CMS. This significantly changes the guidance surrounding agent-created or agent-purchased advertising and marketing materials. CMS now considers the following to be “Marketing,” and therefore would require HPMS filing: Advertisements intended to draw a beneficiary’s attention to an MA plan or Plans and include or address content regarding: plan premiums, cost sharing, or benefit information, Even if the materials do not mention a specific plan by name and premiums,
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GoldenCare News, Industry News, and Medicare Supp./Adv..
CMS, CMS Compliance, compliance, GoldenCare, and medicare.
CMS, CMS Compliance, compliance, GoldenCare, and medicare.
2021 Copay and Deductibles Announced
The Centers for Medicare and Medicaid Services (CMS) recently announced their 2021 Copay/Deductibles. Listed below are basic costs for people with Medicare. 2021 Copay/Deductibles 2020 2021 Part A Deductible $1,408 $1,484 Part B Deductible $198 $203 Part A Coinsurance Days 61 — 90 $352 $371 Days 91 — 150 (Lifetime Reserve Days*) $704 $742 Skilled Nursing Home Days 21 — 100 $176 $185.50 Standard Part B Monthly Premium $144.60 $148.50 High Deductible Plans F & G $2,340 $2,370 Plan K Out of Pocket $5,880
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2020 Copay and Deductibles
The Center for Medicare and Medicaid Services (CMS) has announced the 2020 Medicare Premiums and Copay/Deductibles. Medicare Part B Premium The Medicare Part B standard monthly premium will be $144.60 in 2020, compared to $135.50 in 2019. Note: The income-related Part B premiums for 2020 will vary depending on the extent to which an individual beneficiary’s income exceeds $87,000 (or a married couple’s income exceeds $174,000). 2020 Income Level-File Individual 2020 Income Level-File Joint 2020 Part B Premium Less than or equal to $87,000 Less than or equal to $174,000 $144.60 Greater than $87,000 and less than or equal to
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