2019 Medicare Changes: Premiums and Deductibles

Medicare November 12, 2018 0
2019 medicare changes

2019 Medicare Changes: Premiums and Deductibles

In September and October, the Centers for Medicare and Medicaid Services (CMS) announced the 2019 Medicare premiums and deductibles for Original Medicare and Medicare Advantage plans. Understanding the 2019 Medicare changes is important to provide your beneficiaries with the best coverage for their needs and budget.

Medicare Part A and B

CMS announced the 2019 Medicare deductibles and premiums increase on October 12, 2018. This announcement only impacts Part B premiums and Part A and B deductibles.

The Part A inpatient hospital deductible will increase from $1,340 to $1,364. The Part B deductible will increase $2, from $183 to $185.

Part B premiums are expected to increase by $1.50 in 2019, from $134 to $135.50. However, this increase will not affect every beneficiary. Roughly 3.5% of beneficiaries will have premiums less than $135.50 due to the Social Security “hold harmless provision.” This prevents the increased premiums to exceed the increase in Social Security benefits. Plus, if a beneficiary makes more than $85,000 a year, they may pay more than $135.50, and their premium will be adjusted by their income. The income-based 2019 premiums for Part B are as follows:

 


2019 Medicare changes

Medicare Advantage

In September, CMS announced that on average, Medicare Advantage premiums will decrease 6%, from $29.81 to $28. This is great news for agents like you selling Medicare Advantage plans. Enrollment in MA plans has continued to grow, and enrollment will hit an all-time high in 2019 with an estimated 22.6 million beneficiaries. As enrollment continues to increase, plan selection and variety increase too, with approximately 600 new plans offered in 2019!

Become an SMA Agent

At Senior Market Advisors, we make sure our agents are prepared and confident to sell regardless of new policies or costs. We offer a lead management system, online sales training, an experienced in-house marketing team, top-tier commission, and so much more! Ready to contract? Visit agentcontract.com to start digitally contracting, or click here to get in touch with one of our agent advisors.

Kelsey Davis
Kelsey Davis
Marketing Manager at Senior Market Advisors
After studying marketing and design at Butler University, Kelsey joined us to help with social media, content writing, and email marketing. When she's not in the office, you can probably find her watching The Office or designing prints for her Etsy shop! Fun fact: When she was in school, she spent a summer interning in Australia and while there, she swam in the Great Barrier Reef!