2020 Part B Costs

November 8, 2019The 2020 Medicare Part B costs were announced today.  The base premium will rise from $135.50 in 2019 to $144.60.  The 2020 Part B deductible will be $198

2020 Rx Plans

I get many emails in September before the 2020 plans are even out because people want to get things in place for the next year and the insurance companies are already ramping up their advertising.
However for Medicare Rx plans, it is BETTER to do the comparison of new Rx plans LATER as opposed to early in the renewal cycle, AEP, which runs Oct 15-Dec 7. The insurance companies are still working things out in October.  Here's an actual email from last year showing just that:
 SALES
UnitedHealthcare MA Plans and Pricing Tools Update
Our goal is always to make sure agents and consumers have access to accurate information about our plans.Unfortunately, we recently learned the drug pricing information for our 2019 Medicare Advantage (MA) plans is not accurate on Medicare.gov PlanFinder and UnitedHealthcare’s online drug search tools.

Problems with Rx Plan Premiums Deducted from Social Security Checks

Insurance companies are reporting that premiums for stand-alone Rx plans (if you're on the supplement side of the equation) have not been deducted from Social Security Retirement checks for the past few months.I always recommend that people pay for these premiums via an automated debit from their checking accounts so you're dealing directly with your insurance company.But if you have set up that means of payment, contact your insurance company regarding paying your premium.

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