Medicare beneficiaries

On March 26, the Department of Health and Human Services (HHS), through the Centers for Medicare & Medicaid Services (CMS), announced 41 prescription drugs covered under Medicare Part B that may have lower beneficiary coinsurances. From April 1, 2024, through June 30, 2024, some people with Medicare who take these drugs may save between $1 and $3,575 per average dose, depending on the beneficiary’s coverage. Under the Inflation Reduction Act, signed into law in August 2022, drug companies that raise their drug prices faster than the rate of inflation are required to pay a rebate to Medicare. Starting April 1, 2023, Medicare beneficiaries may pay a lower coinsurance for certain Part B drugs if the drug’s price increases...

Recently, the Centers for Medicare & Medicaid Services (CMS) released the 2024 Supplemental Security Income (SSI) and Spousal Impoverishment Standards, and the 2024 Medicare Savings Program resource standards. Certain Medicaid income and resource standards are adjusted beginning each January in accordance with changes in the SSI federal benefit rate (FBR) and the Consumer Price Index (CPI). The MSP groups are mandatory Medicaid eligibility groups that provide coverage of some or all Medicare Part A and B premiums and cost-sharing for low-income Medicare beneficiaries. The resource standards for the MSP groups are based on the SSI resource standard, which is set forth in statute...

CMS added a new telehealth indicator on clinician profile pages on Medicare Care Compare and in the Provider Data Catalog (PDC). The new indicator helps beneficiaries and caregivers find clinicians who provide telehealth services. This is especially helpful for patients seeking telehealth due to the ongoing public health emergency,

This brief describes Medicare Advantage (MA) plan offerings in 2023. Of note, the average number of MA plans available to Medicare beneficiaries in 2023 is 43 compared to an average of 38 plans in 2022. Beneficiaries in 27 counties in the U.S. can choose from 75 or more MA plans.