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Medicare Blog | Medicare News | Medicare Information

AHIP Warns of Part D Rebate Rule Impact

Posted by www.psmbrokerage.com Admin on Mon, Aug 03, 2020 @ 03:55 PM


AHIP Warns of Part D Rebate Rule Impact

Prescription Drugs

The average basic premium for Medicare Part D prescription plans will be the second lowest average Part D premium since 2013, CMS announced. But industry leaders are not expressing as much optimism about the lower premiums as CMS.

AHIP acknowledged the current Part D average basic premium is one of the lowest since 2013, but the payer organization pointed out the effects the rebate rule could have in continuing savings on out-of-pocket health care costs.

The week before the Administration announced the average basic premium for 2021, the Trump administration signed three executive orders that placed restrictions on pharmacy benefit managers and sought to heighten drug importations. Through these measures, the executive orders aimed to lower drug prices.

AHIP, using CMS statistics, argued the executive orders would instead cause Medicare premiums to rise by 25%, up drug spending in Medicare programs by over $195 billion, and contribute $100 billion toward bailing out drug makers.

AHIP argues, "the Problem Is Still the Price. But nothing in the proposed rule would require Big Pharma to lower their prices."

"We’re winning great savings for seniors. But with the rebate rule, seniors will lose. Let’s focus on real, bipartisan solutions to out-of-control drug costs. In the midst of the COVID-19 crisis – seniors deserve those savings more than ever."

SOURCE

Tags: Medicare Part D, Part D, AHIP

Part D Premiums to Increase Slightly in 2021

Posted by www.psmbrokerage.com Admin on Mon, Aug 03, 2020 @ 11:29 AM


Part D Premiums to Increase Slightly


Medicare Part D - A First Look at Prescription Drug Plans in 2020 123

Part D premiums are set to take a slight uptick in 2021, according to CMS, which estimates the average premium in Part D will be $30.50 next year, a slight increase from $30 in 2020, but still the second-lowest premium rate ever.

Part D premiums have been on a steady decline over the past several years, decreasing by 12% since 2017. Part D enrollment increased alongside declining premiums, with enrollment increasing by 16.7% since 2017.

Part D enrollment has increased alongside declining premiums, CMS said, with enrollment increasing by 16.7% since 2017.

CMS also touted Trump administration efforts to curb costs for Part D beneficiaries, such as launching the Part D Senior Savings Model earlier this year, in which participating Part D plans will offer insulin with a cap at $35 for a monthly supply.

CMS also eliminated the so-called pharmacy "gag clause," which prevented pharmacists from providing beneficiaries with information on alternative, less expensive ways to purchase drugs than through their Part D plan.

President Donald Trump also signed four executive orders targeting drug pricing late last week, including one that aims to revive the scuttled rule that would nix anti-kickback safe harbors for drug rebates in Part D.

More information on the Part D Senior Savings Model can be viewed at: https://innovation.cms.gov/initiatives/part-d-savings-model.

Tags: Medicare Part D, Part D

YourMedicare Enrollment Center

Posted by www.psmbrokerage.com Admin on Mon, Jul 20, 2020 @ 11:34 AM

Tags: Online Enrollment, Medicare Advantage, Medicare Part D, online sales, Telesales

2021 Medicare Advantage (MA) and Part D (PDP) Certification Details

Posted by www.psmbrokerage.com Admin on Wed, Jul 15, 2020 @ 02:17 PM

Tags: Medicare Advantage, Medicare Part D, AHIP, 2021 certification

Mutual of Omaha: 2020 Med Supp & Dental Marketing Credits Program

Posted by www.psmbrokerage.com Admin on Wed, Jul 15, 2020 @ 02:02 PM

Tags: Final Expense, Medicare Part D, Mutual of Omaha Medicare Supplement, dental

Mutual of Omaha Medicare Solutions Product Portfolio Offerings

Posted by www.psmbrokerage.com Admin on Wed, Jul 01, 2020 @ 04:10 PM

Tags: Final Expense, Medicare Part D, Mutual of Omaha Medicare Supplement, dental

2021 UnitedHealthcare Medicare Advantage / PDP Certification Now Available

Posted by www.psmbrokerage.com Admin on Tue, Jun 30, 2020 @ 12:56 PM

Tags: Medicare Advantage, Medicare Part D, AEP, certification, AHIP, 2021

2021 Humana Medicare Advantage / PDP Certification Now Available

Posted by www.psmbrokerage.com Admin on Tue, Jun 30, 2020 @ 12:45 PM

Tags: Humana, Medicare Advantage, Medicare Part D, AEP, certification, AHIP, 2021

Countdown to the 2021 AEP: AHIP, Company Certifications, Expansions and First Looks

Posted by www.psmbrokerage.com Admin on Mon, Jun 29, 2020 @ 03:55 PM

Countdown to the 2021 AEP

Countdown blog pic


2021 AHIP, Company Certifications, Expansions and First Looks

With the 2021 AEP upon us, now is a great time to make sure you are preparing and staying ahead of the curve. AHIP Medicare Training has been released and we are also starting to get details on carrier-specific certifications as well as 2021 plan benefits and roll-out dates. Take a look at what is available now and keep a look out for future updates as we get closer to AEP.


2021 AHIP Training

Precision Senior Marketing is proud to be able to help support our agents that sell Medicare Advantage and Prescription Drug Plans. That's why our agents will be able to access AHIP's 2021 Medicare certification for only $125. That's a $50 savings to you just for being part of our team.

www.YourMedicareAHIP.com

As an added "Thank You" to our writing agents we would like to pay for 100% of your AHIP costs after you have five issued 2020 Medicare Advantage enrollments. Ask your Marketer for details. *This is only available to street level agents contracted directly with Precision Senior Marketing.


2021 Carrier Specific Certifications

To keep things simple, we have all the carrier specific certification instructions available on our certification page. Most will require you complete AHIP in advance, but not all. Please take the time to review the requirements for the different carriers you represent.

Carrier Specific Certification Instructions


2021 Medicare Advantage and PDP First Looks

As we receive first looks and product information from the carriers we represent, we will be sharing those details with our agents. You can sign up to receive this information by visiting the following web page and completing the form. You can also call one of our marketing representatives at 800-998-7715 and ask for more details.


Online Quoting Tools and Submission Platforms

PSM Has made significant investments to make sure our agents have access to the best in class quoting tools and online submission platforms. Even better, these tools are provided at  no cost to our contracted agents. Please visit the following web page for more details and to request access.


Lead Incentives and Opportunities

PSM is proud to be able to help support our directly contracted Medicare agents.For every ten (10) Medicare Supplement* or Medicare Advantage enrollments placed and issued, you will qualify for a complimentary 1,000 piece lead mailer*. This offer includes the postage, printing, mailing data and return postage on all submitted business return cards ~ ZERO cost to you!

View more details by visiting our Lead Incentives web page

For agent use only. Not for use with consumers. Certain exclusions and limitations may apply. Not affiliated with the United States government or the federal Medicare program. Enrollments for this promotion must be with carriers the agent is appointed with through Precision Senior Marketing. Eligibility for this program will be determined by PSM. Only directly contracted writing agents may participate. Lead vendor and mailers for this program will be determined by PSM, and cash equivalents and reimbursements will not be offered. Agent must be trained and certified and must abide by PSM’s compliance program.


Service and Support

As a reminder, We pride ourselves on a "Do the Right Thing" approach and will go above and beyond to service the needs of our agents. We look forward to having a successful AEP and supporting you with products, technology and the personalized service you have come to expect from PSM. We appreciate the opportunity to earn your business and wish you the best!


thank you

 

 
 

Tags: Medicare Advantage, Medicare Part D, AEP, certification, AHIP, 2021

Medicare Advantage, Part D ERSD Rules Could Boost Costs

Posted by www.psmbrokerage.com Admin on Fri, Jun 26, 2020 @ 02:33 PM

Tags: Medicare Advantage, Medicare Part D, ESRD

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