For 2023, the Part B annual deductible decreased to $226, a decrease of $7 compared to 2022 and this is the first decrease in a decade.<\/p>\n\n\n\n
Annual deductibles for Medicare Advantage and stand-alone Part D prescription drug plans vary depending on the plan you choose and where you live. The government sets a limit for Part D deductibles, for this year this limit is $505, compared to $480 in 2022.\u00a0<\/p>\n\n\n\n
The fixed Medicare cost that is increasing is the Part A deductible. Although most Medicare beneficiaries do not pay a monthly premium for Part A, which covers hospital services, skilled nursing facilities, hospice care and some home health services, there is a hospital deductible.<\/p>\n\n\n\n
For this year, this deductible will be $1,600 per stay, an increase of $44 from the 2022 deductible. Monthly premiums will also increase for those who have not worked enough to qualify for free Part A benefits. In 2023, the full Part A premium will be $506 per month, an increase from $7. Whether a beneficiary must pay the full Part A premium depends on his or her work history or spouse. Beneficiaries with a Medicare Advantage plan should consult their plan to determine hospital costs.<\/p>\n\n\n\n
Under the Inflation Reduction Act of 2022, which includes several provisions that reduce prescription drug prices for Medicare beneficiaries, beginning in 2023, a 30-day supply of any type of insulin covered by a Medicare prescription drug plan is capped at $35. Even beneficiaries have yet to meet their annual Part D deductible, nor do they have to pay more than $35. Remember that not all plans cover all types of insulin.<\/p>\n\n\n\n
Beginning July 1, Medicare beneficiaries who receive insulin by pump as part of Part B long-term medical device benefits will not have to pay a deductible and will also benefit from a $35 limit.<\/p>\n\n\n\n
Another provision of the new law stipulates that certain expensive drugs must be negotiated with drug manufacturers. So, while the maximum monthly copayment for Medicare-covered insulin is $35 in 2023, 2024 and 2025, beginning in 2026, the first year the negotiated price goes into effect, any insulin that is part of the new negotiations, the covered deductible will be $35 or 25 % of the negotiated price, whichever is less.<\/p>\n\n\n\n
\u00a0In our next blog we will address other Medicare changes coming this year.<\/p>\n\n\n\n
If you need help with Medicare or health plans, call us for free advice. Our local number is 512-520-5957<\/a><\/strong> or you can call us on our toll free number which is 855-GO-AVILA<\/a><\/strong>. We are here to serve you.<\/p>","protected":false},"excerpt":{"rendered":" Los deducibles disminuyen Para el 2023, el deducible anual de la Parte B disminuy\u00f3 a $226, una disminuci\u00f3n de $7 en comparaci\u00f3n con el 2022 y esta es la primera disminuci\u00f3n en una d\u00e9cada. Los deducibles anuales de los planes Medicare Advantage y los planes independientes de medicamentos recetados de la Parte D var\u00edan seg\u00fan […]<\/p>\n","protected":false},"author":3,"featured_media":55063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-55062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-medicare"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t