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CMS Rolling Out $35 Insulin Model for Medicare Part D

The Centers for Medicare and Medicaid Services has invited Part D drug plan insurers to put in proposals for a new Part D model that would provide Medicare recipients with access to affordable insulin costing no more than $35...

CMS Approves Medicare Coverage of 'Breakthrough' Medical Devices

The Centers for Medicare and Medicaid Services has issued new rules that require Medicare to cover medical devices that the Food and Drug Administration designates as "breakthrough" technology.

The rule paves the way for giving Medicare recipients access to the latest...

Beware: Medicare Doesn't Cover Everything

Many retirees get an unpleasant surprise after turning 65 and signing up for Medicare: It doesn't provide complete coverage of health care costs. In fact, there are some very large gaps that can be financially devastating to ordinary Americans.

A recent study from Fidelity estimated...

Alzheimer's Drug Costs Spur Reconsideration of Medicare Part B Rate Hike

The Biden administration is considering reducing the 15% hike for the standard Medicare Part B premium for this year after the maker of the new Alzheimer's drug Aduhelm announced that it would halve the price of the controversial medication.

A Look at Changes for 2022 Medicare

As the 2022 Medicare annual enrollment period nears, premiums and deductibles are set to increase, but there are also added benefits in store for Medicare Advantage enrollees.

While new rates are set in October and November, it's always good to get a...

1,750 Medicare Advantage, Part D Plans Sign Up for Insulin Project

More than 1,750 Medicare Advantage and Medicare Part D plans will participate in a new Part D Senior Savings Model that will allow the plans to offer much-reduced insulin costs for enrollees starting in the 2021 plan year, the...

Fewer Medicare Advantage Plans Receive High-Quality Ratings

There are fewer Medicare Advantage plans receiving high-quality ratings for their 2021 offerings than for this year's.

The Centers for Medicare and Medicaid Services has reported that 49% of 400 Advantage plans with prescription drug coverage received four stars or more (the...

Five Medical Services Medicare Doesn't Cover

While Medicare, and especially Medicare Advantage, comes with a number of great and low-cost benefits, it does not cover all health care services that you may need after you turn 65.

Keep in mind that the following list includes things that Original Medicare...

Executive Orders Take Aim at Medicare Drug Costs, More

President Trump in late September issued three executive orders that would affect Medicare outpatient drug prices, protect people with pre-existing conditions from health insurance pricing discrimination and end surprise billing.

The main, and most substantive, order would fix prices that Medicare...

How to Pick the Best Medicare Advantage Plan for You

The first three months of the year is the open enrollment period for people who are already enrolled in Medicare Advantage plans.

From Jan. 1 to March 31, Americans who are already enrolled in Medicare Advantage can:

• Switch to...