Medicare Premium Reduction New Hampshire

Medicare Premium Reduction New Hampshire annonunced by Seema Verma

Lower Medicare Premiums in 2021

New Hampshire will have a significant Medicare premium reduction in 2021. CMS administrator, Seema Verma, announced on August 5, 2020, that “CMS has approved New Hampshire’s State Innovation Wavier.” The State will implement a section 1332 State Relief and Empowerment waiver. According to the CMS press release, “New Hampshire will run a state-based reinsurance program for plan years 2021 through 2025 to partially reimburse insurers.” The reinsurance program will reduce your Medicare premiums by approximately 16% in the upcoming 2021 plan year.

Open Enrollment for 2021

Open Enrollment for 2021 Medicare Plans starts October 15, 2020, and ends December 7, 2020. During this Open Enrollment Period, you can change your Medicare Advantage Plan or Part D prescription drug plan for 2021. Senior Healthcare Direct makes it easy for you to shop and save. You can get a reduction on your New Hampshire Medicare premium by calling 1-855-368-4717 or get a quote.

Medicare Premium Reduction New Hampshire

Shop Your Medicare Supplement

You can shop for your Medicare supplement plan anytime. Medigap Plan F will not be available for beneficiaries new to Medicare in 2020. However, you can still buy Medigap Plan G, which gives you the same full coverage as Plan F with a one-time annual Part B deductible of only $198 in 2020. 

Medicare Premiums Savings in 2021

In 2020, the average monthly Medicare Advantage premium is $40.23. You can expect a 16% premium reduction in 2021. Therefore, your Medicare Advantage Plan will cost you only $33.79 on average per month. You can save an average of $77 annually in 2021.