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2025 Medicare Advantage and Part D Star Ratings

by CMS | Oct 10, 2024 | Industry News, Medicare Advantage, Part D

Medicare Advantage Prescription Drug (MA-PD) contracts are rated on up to 40 unique quality and performance measures; MA-only contracts (without Part D coverage) are rated on up to 30 measures; and PDP contracts are rated on up to 12 measures. For each measure, CMS...

Are You Ready to Sell Your Life Insurance Book of Business?

by AgentandAdvisor.com | Sep 10, 2024 | Industry News, Part D

You’ve built a successful career helping clients navigate the world of life insurance. Now, you might be contemplating the next chapter. Selling your book of business can be a strategic move, but it’s crucial to understand your readiness before embarking on the sales...

New Medicare Part D Out-Of-Pocket Spending Cap is an Important Improvement for Enrollees Facing High Prescription Drug Costs

by AARP | Aug 28, 2024 | Industry News, Part D

Under the Medicare Part D benefit, which provides prescription drug coverage for nearly 56 million Medicare beneficiaries, many enrollees were originally required to pay 5 percent of their prescription drug costs, with no limit, even after their out-of-pocket spending...

Centene is said to be ending broker commissions for Medicare Part D

by Seeking Alpha | Aug 27, 2024 | Industry News, Part D

Being the largest Part D player, the move is expected to save hundreds of millions of dollars for Centene (CNC). Many brokers believe the new strategy aims to drive members towards Medicare Advantage plans, which also offer Part D coverage and draw higher funding from...

CMS Releases 2025 Medicare Part D Bid Information and Announces Premium Stabilization Demonstration

by CMS | Jul 29, 2024 | CMS, Industry News, Medicare, Part D

Today, the Centers for Medicare & Medicaid Services (CMS) is releasing preliminary technical Medicare Part D bid information for contract year 2025 to help Part D plan sponsors finalize their Part D and Medicare Advantage (MA) offerings and prepare for Medicare...

Medicare Rebate for 64 Medications to Start Rolling Out: Here’s What to Know

by CNET | Jul 19, 2024 | Industry News, Medicare, Part D

People on Medicare will see coinsurance savings on prescriptions for 64 different medications available through Medicare Part B over the next few months, the US Department of Health and Human Services announced this...
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