Description: This passage is mainly about healthcarefirst login. In this passage, we can know about the Medicare changes in 2018 as well as the benefits of them for the related people. The changes are coming soon.
I’m Mark Garrett the national senior savings. Today I will be discussing Medicare changes in 2018. I’m Mark Garrett with national senior savings, I want to introduce you our website national senior savings com. If you stop by there, we have a lot of great information underneath their education.
Tab here, we’ve got videos, we’ve got manuals and brochures and pertinent Medicare links that you can go to. So stop by and take a look at it, we look forward hearing any feedback from you that you might give us. So starting off the Medicare changes in 2018 that are coming about, we know for sure some speculations out of the gate, such as the Medicare cards that we know about are changing this next year.
They’re going from Medicare cards with your Social Security, which is very personal information followed by a letter to a personal identification number strictly to you. So no longer will companies or agents or anyone else be asking you to see your Medicare card with your Social Security on it.
Although they are asking to see your identification card, it’s a great thing, it’s been a long time coming in our digital age of 2017. It’s a good thing for people as far as protecting their privacy and identity theft. Now we come to Medicare Part A, so we don’t know the definite change that is coming about on Medicare Part A, we know that more than likely your co-pays are going to increase, which is similar to what they did in 2017.
There’s usually a slight increase on your Part A deductible for hospital stays, then for your hospital stay, day 61 through 90 hospital, they’ll probably be a slight increase in the co-payment that you’re responsible for, as well as your Lifetime Reserve Days which go from day ninety and beyond.
So look for a slight change in that, I don’t know the drastic effect. It’s going to have the current time but look for that. We’ll keep you updated as we know more information. Next is Medicare Part B. So with your Medicare Part B, there are a couple of key things, such as monthly payment premiums for you.
Medicare Part B is currently a hundred and thirty-four dollars now, that means if you make less than eighty-five thousand dollars as a single individual, or a hundred and seventy thousand dollars as a married couple, you will each pay one hundred and thirty four dollars taken out of your social security check for your Medicare Part B premium.
Then there’s the Part B out-of-pocket deductible, which is a hundred and eighty three dollars this year. It’s going to increase two that it is trended. In the previous two years, I think it was 147, in 2015, I believe that it was 166, and in 2016-2017, it went up to 183. Next year I’ll look for it to probably go up around the $200.
Now I’ll go back to the Medicare Part B premium that you pay of one hundred and thirty-four. We don’t know what the exact change is going to be, but looking at the Medicare government sites, I keep up to date reading on those. They are discussing changing the income threshold for your Part B premium.
Most people aren’t going to see any effect from it, some people will. We’ll keep you updated as we know more. Your Medicare Part D. It’s great news that your Medicare Part B deductible is going from four hundred to four hundred and five, it’s a $5 increase. But you say I don’t pay a four hundred dollar deductible and that’s true.
Some plans have to pay for the full deductible with their Part D, some plans pay for a partial deductible, some plans pay for no deductible at all. Most of the time if you get your medications such as your generics, your level one and level two generics that do not count towards your deductible, and you’ll get them at the regular price that you would pay, and don’t have to pay for the full cost out of pocket.
Some people worry about the doughnut hole. The doughnut hole this year is going from $3,700 to 3750 where it begins. And the out-of-pocket threshold will increase from $4950 to5000 dollars. So what that means to you probably not a big deal, because there are not a lot of people that hit that threshold in a year.
As a matter of fact, a majority of clients that we talk about here on our own generic drugs, they are very easily managed. Otherwise, there are a few people that have the expensive drugs, and they hit the donut hole based on that. It’s only going to change by fifty dollars on either side of the doughnut hole.
We’ll do a whole other article on Medicare Part D, because it’s a depth Medicare Advantage. So what’s going on with Medicare Advantage plans? Medicare Advantage plans saw an uptick in enrollment in 2017 of about 2.5 percent, that was mainly due to the increase in the population and the amount of baby boomers that are turning to 65 every day.
There are roughly 11,000 people in this country that turn to 65 and become Medicare eligible each and every day. CMS is announced that they’re looking at changing some of the metrics for the star rating system. So on a Medicare Advantage plan, there are a lot of criteria that go into them getting a star rating.
It can be anywhere from one star to five stars, the more stars it has, the better it is. So based of that, they’re going to look at the star rating system and see if there are any metrics that they need to tweak to, either bring some companies up higher or hold companies more accountable.
It’s impossible to address all 2200 of the Medicare Advantage plans in the United States, because of the sheer number. There are different Medicare plans for every state, every county and every city. The list goes on and on, and we will have to discuss what particularly the area that you live in, and if you have questions about that.
When it comes to Medicare supplements, the last thing I want to cover is that there are no big changes coming in to supplement world in 2018. There ‘ll be some rate increases, such as there ‘ll be some rate decreases. We’ve seen decreases in plan G over the past couple of years, which is great news for you the consumer.
As for Plan F, 65% of the people in the United States are on plan after their Medicare supplement plan. It’s still on the chopping block. So from January 1st 2020, you’ll no longer be able to get Plan F. If you’re already in it, you’ll stay grandfathered into that plan. But if you’re looking forward to joining it, you will not be able to join that plan.
There is a bad thing about Plan F. If you’re in it, one of the 65% of Americans, when that plan goes away, which means there are not new healthy people who can join that plan, only people who are in that plan will get to stay. You’re going to have an aging population that gets older and more health problems along the road.
My suggestion is to use it. If you still get good health at the current time, you need to speak with someone, such as a broker. Look at plan G, plan G has all the benefits that plan F has, Part B deductible which is a hundred and eighty-three dollars this year has the lowest premium increase.
Sometimes there’s decrease, it covers everything, but the deductible that Part F covers, and the great thing about plan G is that plan G is very affordable to get into from the beginning. It’ll keep going past the year 2020.
Thank you for joining me today. If you like this article, please click the thumbs up. If you have any comments, please submit it, you can feel free to ask. We’re here for you, we need to know what you want to hear about in our articles in the future. Thanks again.