Medicare’s annual election period runs from October 15-Dcember 7.This is an important time to review Medicare coverage for the following year.BPLC has prepared listings of Medicare Part D plans that work with Original Medicare in New York State, as well as Medicare Advantage plans that include all Part A and Part B benefits, and most also [...]

Individuals with Medicare Part D drug coverage who take insulin that is on their plan’s formulary will have their co-pays capped at $35 per insulin per month. The $35/month cost is not subject to the plan’s annual deductible (if the plan has one), meaning that one can benefit from the $35 copay before meeting any deductible. [...]

The standard monthly Medicare Part B premium will be $164.90 in 2023, a reduction from $170.10 in 2022. Individuals and married couples with higher earnings, defined by Medicare as adjusted gross income of $97,000 single/$194,000 married for tax year 2021, may be subject to higher Part B and Part D premiums. BPLC has a chart of [...]

In 2023, individuals who qualify for full Extra Help (also known as the Low-Income Subsidy Program, LIS) can enroll in a standard Part D plan with a monthly premium of up to $38.90. Individuals with Medicaid and/or a Medicare Savings Program (MSP) are automatically enrolled in Extra Help. Individuals can also apply for Extra Help with [...]