The price tag for Medicare is expected to swell dramatically Jan. 1 as the result of several factors. It's expected that:
•Medicare Part D premiums will grow 8% on average and by as much as 20% for some of the most popular Medicare prescription drug plans.
•The Medicare Part B de
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Pay attention to new rules for the "individual mandate" requirement and the medical expense deduction floor.
By reevaluating supplemental and prescription drug coverages, Medicare enrollees can make up for premium increases.
Some beneficiaries may receive a letter that says their policy will no longer be offered in 2017.
It's essential to be familiar with the many varieties of Medicare enrollment periods so your clients can make the best choices.
This is the time of year when everyone on Medicare can reevaluate features of their contracts to see if they're getting the best coverage at the best price.
