Medicare Part B Application Download

Medicare Part B Premium 2021

Discover how to avoid up to a 25% increase in Medicare Part B 2021 premiums. You could save over $400 per year! People new to Medicare can lower their 2021 costs by doing the following:

  1. Enroll in Medicare Part B before November 1, 2020.
  2. Have your 2020 Part B premium of $144.60 withdrawn from your Social Security benefits for at least two months.

By taking the actions above, you limit the rise in Medicare Part B 2021 premiums to no more than the Cost of Living Adjustment (COLA) of 1.3% in 2021. The Medicare Hold Harmless Provision restricts Part B premium increases to protect your social security benefits. COLA gives you a 1.3% increase in social security benefits, which pays any increase in Medicare Part B premium in 2021. 

Medicare Part B Premium Costs in 2021

Medicare Part B Premium 2021 - concerned seniors

However, if you pay your Medicare Part B premium directly or have Medicaid pay them, you do not qualify for the hold-harmless provision. Thus, you could see up to a 25% increase in Part B premiums in 2021. For example, your $144.60 premium could go up to $180.75 in 2021. Since you pay this increased premium every month, your increased annual cost could be as high as $433.80.

Congress Caps Medicare Part B Premium for 2021

According to a CNBC report, the Senate passed a short-term funding bill signed by President Trump that limits the 2021 Part B premium increase to 25%. This bill is inconsequential for most Medicare beneficiaries because they already have Part B premium deducted from their Social Security benefits, which has a 2021 COLA cap of 1.3%.

The COVID-19 pandemic has increased Part B medical costs. According to the CDC, the percentage of visits to emergency departments or outpatient providers for COVID-like illness (CLI) has increased between March 1 and October 10, 2020. The red line shows CLI increases from 6.25% to 20.25%. Thus, coronavirus illness has increased Part B medical costs in 2020.

CDC - COVID illness report 2020

The increase in COVID 2020 medical costs may drive up Part B premiums in 2021. The congressional 25% cap will help prevent a spike in premiums.

best medicare supplement plan 2021

Best Medicare Supplement Plan 2021

What is the Best Medicare Supplement Plan for 2021?

With 2021 fast approaching, Robert Bache gives his recommendation for the best Medicare Supplement Plan. Medicare Open Enrollment, also called Annual Election Period (AEP), begins October 15 and ends December 7, 2020. Watch the video to discover which Medicare Plan Robert Bache recommends for the upcoming AEP. In the video, you will learn:

  • Historically, his Medigap Plan recommendations have been “right on” since 2012.
  • How this most comprehensive Medigap Plan works.
  • Discover how this plan saves you on monthly premiums and is a better value than Plan F.

Furthermore, Robert compares Plan N to the best Medicare Supplement Plan he recommends in 2021. Watch the video and find out how Plan N compares. 

Medigap Plans F, N, and G

best medicare supplement plan 2021
Which Medigap Plan is best for you in 2021?

Which Medigap Plan F, N, or G is best for you in 2021? To determine the best plan for you, we will consider the following three factors:

  • Eligibility – who is and who is not eligible?
  • Coverage – what are the benefit differences?
  • Costs – what are the cost difference?

For Medicare Plans F, N, and G, we will determine whether you are eligible or not and compare plan benefits and costs.

Medigap Plan F Eligibility

Suppose you have Medigap Plan F before January 1, 2020. In that case, you can continue to buy Plan F. However, anyone new to Medicare in 2020 is not eligible and can not enroll in Plan F. In other words, if you turn age 65 in 2020, you can not buy Plan F.

However, if you turned 65 before January 1, 2020, and enrolled in Plan F, you can keep it! ( eligibility restrictions applies to Medigap Plans C and F.)

Medigap Plan F Eligibility - senior ladies birthday cake
Best Medicare Supplement Plan 2021 Plan N and Plan G Eligibility

Medigap Plan N and Plan G Eligibility

To be eligible for any Medicare Supplement Plan, you must have Part A and Part B. Moreover, anyone eligible for a Medigap Plan is also eligible for Plan G and Plan N. Unlike Plan F, you are eligible to enroll in Plan N or Plan G whenever you turn 65 in 2020. 

You can enroll in a Medigap Plan during your initial 7-month open enrollment period. It begins three months before you turn 65, continues the month of your birthday, and ends three months after your birthday. During this period, you have guaranteed issue rights!

When you turn 65 and enroll in a Medigap Plan, you are guaranteed the following:

  • No medical underwriting questions
  • No medical disqualification – all medical conditions qualify
  • You pay the same premium as a healthy senior – even if you have health problems

However, if you do not enroll during your initial open enrollment period, you must answer medical underwriting questions. Furthermore, you can be medically disqualified or pay more for health problems. To get your Medigap Plan quote, call Senior Healthcare Direct at 1-855-368-4717.

Best Medicare Supplement Plans in 2021

The best Medigap Plans in 2021 recommended by Robert Bache is Plan G because it has the greatest value. It provides the same comprehensive coverage as Plan F at a much lower monthly premium. If you are eligible for Plan F, it has the highest monthly premium.

Plan F is a “first-dollar” plan because Medicare pays the first dollar once you pay the expensive monthly premium. With Plan F, you do not pay the Part B deductible.

However, with Plan G, you pay the $198 Part B deductible in 2020, and you save several hundred in premiums per year. As MedicareBob says in his video, “You come out ahead” with Plan G coverage.

Best Medicare Supplement Plan 2021 - MedicareBob why plan G is a greater value than Plan F

Best Medigap Plans Coverage and Costs

The Best Medigap Plans chart compares the coverage and costs of plans F, N, and G. The green checkbox covers that benefit 100%. The red checkbox does not cover that benefit. Use this chart to compare Medigap benefits and the differences in coverage and costs.

Why Plan G is the best Medigap Plan

When you compare Medigap benefits of Plan F and G, the only difference is the Part B deductible. If you have Plan G, you pay a one-time annual Part B deductible. Since Plan G has lower premiums, you will save much more than the Part B deductible throughout the year.

So why pay more for Plan F when Plan G has the same coverage benefits? There is absolutely no reason to pay more for Plan F. Therefore, the best Medicare Supplement Plan for 2021 is Plan G.

Medigap Plan N coverage and costs

Medigap Plan N is a lower-cost alternative to Plan G. It has the same comprehensive coverage benefits as Plan G, except for Part B excess charges. Consequently, any medical provider who does not accept Medicare assignment can charge you up to 15% more than the Medicare-approved price. 

Furthermore, anytime you have an outpatient doctor’s office visit, you owe $15 copayment with Plan N. Moreover, you have up to a $50 copayment for every outpatient visit to the emergency room.

Medigap Plan N coverage and cost - Hospital Outpatient

Shop the Best Medigap Plans

As a Medicare insurance broker, Senior Healthcare Direct can shop the best Medigap Plans with all the top A-rated carriers. We save you money by comparing prices with many insurance providers. You can shop for the best 2021 Medicare Supplement Plans by calling Senior Healthcare Direct at 1-855-368-4717 or click the button to get your free quote!

Best Medicare Supplement Plan 2021 - get quote button
Happy Seniors

Medicare Part D Premium 2021

Medicare Part D Premium 2021 for senior women

In a CMS press released dated July 29, 2020, the average Medicare Part D premium for seniors will be approximately $30.50 in 2021. This low Part D premium is the same price from 2013. For example, Robert Bache quotes a 2013 monthly premium of $29.10 for Medicare Part D in Salt Lake County, Utah.

Medicare Part D Premium will be lower in 2021. According to ‘2020 Medicare Costs‘, Medicare Prescription drug plans (Part D) national base premium is $32.74. You will save an average of $2.24 per month on prescription drug costs in 2021. Moreover, the Trump Administration is lowering the price of life-saving insulin.

Medicare Copay Cap on Insulin

On March 26, 2020, CNN reports President Trump announced a plan to reduce the price of insulin for people on Medicare. Trump said seniors on Medicare would be able to get prescription plans that cap copay costs for insulin. Furthermore, seniors can access various insulin types at no more than a copay of $35 for a month’s supply. Trump said:

Today, I’m proud to announce that we have reached a breakthrough agreement to dramatically slash the out-of-pocket cost of insulin.

President Trump Medicare Copay Cap on Insulin

Part D Senior Savings Model

Part D Senior Savings Model
Insulin in 2021 will only cost $35 per month or less!

Earlier in 2020, CMS launched the Part D Senior Savings Model. It allows you to choose a plan that provides access to a broad set of insulins at a maximum of $35 copay for a month’s supply. You can select these Part D plans during the 2020 open enrollment period. Starting October 15 through December 7, you can purchase a plan and save an average of $446 per year (66%) of your insulin out-of-pocket costs. 

Furthermore, there are over 1,600 standalone Medicare Part D and Medicare Advantage Plans you can choose. These Medicare plans are available nationwide. Senior Healthcare Direct can help you shop and compare Medicare plans. To get the best price, call 1-855-368-4717 or get your quote.

ESRD Medicare Advantage 2021

Can you enroll in Medicare Advantage with ESRD?

In 2021, people with ESRD will be able to join Medicare Advantage Plans without any restrictions. Before 2021 you could only join a Medicare Advantage Plan with ESRD in certain situations. Starting in 2021, anyone with End-Stage Renal Disease can join an Advantage Plan.

What is ESRD?

ESRD is End-Stage Renal Disease. In other words, it is a medical condition in which your kidneys stop functioning, and you need regular long-term dialysis or a kidney transplant to maintain life. You will need dialysis when you lose about 85 to 90 percent of your kidney function. In end-stage renal disease, your kidneys do not get better, and you will need dialysis for the rest of your life or a kidney transplant.

What is Dialysis?

Dialysis uses a machine to clean your body. A dialysis machine filters your blood and removes waste, salt, and extra water. Hemodialysis treatment usually lasts about four hours and is done three times per week. Dialysis is expensive!

ESRD Medicare Advantage 2021

Shop Your Medicare Advantage Plan

Robert Bache advises you to check your ANOC – “Annual Notice of Changes,” which your Medicare Advantage Plan sends you in September. The ANOC includes any changes in coverage, costs, or service area that will be effective in January. If your cost increases, you can shop for a new Medicare Advantage Plan on October 1. If you have End-Stage Renal Disease (ESRD), our office can help you. Shop your Medicare Advantage Plan at Senior Healthcare Direct by calling 1-855-368-4717.

Find Medicare Advantage Plan

Learn how to find the right Medicare Advantage Plan and keep your doctors and medications. Moreover, we can get you the most cost-effective price! Find out how a Medicare Advantage Plan compares to Medicare Supplement Plan.

Medicare Advantage vs. Supplement

Find out which is better Medicare Advantage vs. Medicare Supplement. Discover our side-by-side comparison chart that shows you the benefits and costs of Medicare Advantage and Medicare Supplement. 

Medicare Part D

Medicare Part D 2021 Costs

Medicare Part D 2021 Costs

Medicare Part D 2021 Costs

The cost of Medicare Part D will increase in 2021. Medicare Part D is insurance coverage that lowers your out-of-pocket costs for prescription drugs. There are four stages of Medicare Part D, and each stage has new drug costs.

4 Stages of Drug Coverage and Costs in 2021

Below are the four stages of Part D drug coverage and costs in 2021.

Stage 1 – Part D Deductible

Before your Part D drug plan pays anything, you first must pay the deductible. Stage one is paying Part D deductible, which increases $10 from $435 in 2020 to $445 in 2021. Once you pay this initial Part D deductible, you enter stage two.

Stage 2 – Part D Initial Coverage

Stage two is Initial Coverage. In this stage, you pay only copays equal to 25% of your prescription drugs. This initial coverage increases $110 from $4,020 in 2020 to $4,130 in 2021. When you spend $4,130 in total drug costs in 2021, you enter the donut hole. However, if you do not spend $4,130 on prescription drugs in 2021, you will not enter the donut hole.

Stage 3 – Part D Coverage Gap

Stage three is Donut Hole, also called Coverage Gap. In stage three, you pay 25% coinsurance for generic and brand-name (non-discounted cost) prescription drugs. The 2021 coinsurance costs inside the coverage gap are the same as in 2020. However, the total amount you spend inside the donut hole increases $200 from $6,350 in 2020 to $6,550 in 2021. Once you pay $6,550 in out-of-pocket drug costs, you enter stage four.

Stage 4 – Part D Catastrophic Coverage

Stage four is Catastrophic Coverage. While inside stage four, you pay the greater of 5% prescription drug cost or $9.20 brand name / $3.70 generic. For example, if your brand name drug costs $100, you would pay $9.20. On the other hand, if your brand name drug costs $300, you would pay 5% or $15. However, if a generic drug only costs $50, you would pay $3.70.

Medicare Part D 2021 Deductible

In the MedicareBob video below, Robert Bache provides more details about “Tier Deductibles.” Watch this video and discover which drug tiers allow you to avoid paying the $445 Part D deductible in 2021. Furthermore, Robert announces when you can purchase the new 2021 drug plans.

Get Help with your 2021 Drug Plan

As Robert says in the video, we can help you with your 2021 Drug Plan. To get help, you can fill out our Drug Plan Finder form with your specific medications. Then our licensed agents at Senior Healthcare Direct will send you a side-by-side comparison of Medicare Part D drug plans so that you can choose the most cost-effective Part D plan for 2021.