Medicare 2021

  Happy Veterans Day _ We salute all Service men   and women.

 With Covid-19 and two hurricanes, most of SW LA residents have more on their mind than Medicare. Trust me, we understand.

 However, each year during AEP we strive to give you a heads-up on the changes to Medicare. Let's look at the upcoming changes for 2021.

 One of the biggest and most beneficial points to discuss for the 2021 Medicare plans it that patients with ESRD (End Stage Renal Disease) can now qualify for a Medicare Advantage plan! Up until now, this was the one question that stopped a Medicare beneficiary from joining most advantage plans, but for 2021 that is no longer a *determining factor.

Other changes are as follows:

*For those who pay Part A premiums, there is an increase from $252 to $263 OR $478 (in lieu of $458)

*Medicare Part A Deductible is $1452 (per benefit period) and up from $1364

*Part A Coinsurance for days 61-90 is now $353 per day (increase of $1) and lifetime reserve days the insured's responsibility is $726 per day instead of $704

*Fees for Skilled Nursing Facility have risen from $176 per day (days 21-100) to $181.50

*Medicare Part B Premium is $153.00 (up from $144.60)

*Medicare Part B Deductible is $203, a $5 increase from 2020's amount of $198.

Your Part D (prescription drug) Medicare benefits and coinsurance costs have changed also.

*Part D deductible is $445 in lieu of $435

*MOP (maximum out of pocket) is $6550 annually - up from $6350 

*Cost of drugs in the gap or "donut hole" is $3.70 for generic (up from $3.50) and $9.50 for brand (up from $8.30)

*Your cost in the coverage gap/donut hole is a flat 25% of the cost of the drug in lieu of 31%

Another remarkable change in the 2021 Medicare benefits is that select insulin medications will be available at the flat rate of $35 per month. This is great news for many diabetics!

If you have questions about your current Medicare plan or need help navigating the Medicare maze for 2021, give one of our licensed professional agents a call: 337-439-7730

Meanwhile, we appreciate your patronage and honor our Veterans!

Tommy Curtis and Staff

Disclaimers:

• Medicare has neither endorsed nor reviewed this information.
• Not connected or affiliated with any United States Government or State agency

*Guidelines vary by company/plan

​Life and Medicare Products marketed through Curtis & Associates Financial Services, Inc.
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