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2023 Medicare Annual Enrollment Period – Start Here​

Medicare Annual Enrollment Period 2023 - Start Here

Ready for 2023 Medicare Annual Enrollment Period?

Check out this video message to learn more.

More information about Annual Notice of Change

By the end of September, you should have received the Annual Notice of Change (ANOC) for your current Medicare Advantage Prescription Drug Plan (MAPD) or Medicare Stand-alone Prescription Drug Plan (PDP).  Please review the Annual Notice of Change (ANOC) document.

Some plans may adjust their premiums or copays, make modifications to the prescriptions included on their drug formulary list, or make benefit changes.

If you have any questions or would like to review your options, please do not hesitate to contact your agent, Jeff or Suzanne. We are contracted with most insurance companies. We work for you, not the insurance company!

The 2023 Medicare Annual Enrollment Period runs from October 15 through December 7.

If you are satisfied with the plan design for 2023, there is nothing additional for you to do. Your new card and information for 2023 will automatically be sent to you by the end of 2022.

Call us with any questions or schedule a time to talk with Jeff or Suzanne using the buttons above.

Do you want to know more?
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2023 Medicare Part D – Stand-Alone Prescription Drug Plans (PDP)

2023 Medicare Part D - Stand-alone Prescription Drug Plans (PDP)

Ready for 2023 Medicare Annual Enrollment Period?

Check out this video message to learn more.

Please review your Annual Notice of Change for your Stand-alone Prescription Drug Plan (PDP)

By the end of September, you should have received the Annual Notice of Change (ANOC) for your Medicare Stand-alone Prescription Drug Plan (PDP).  

Some plans may adjust their premiums or copays, make modifications to the prescriptions included on their drug formulary list, or make benefit changes.

If you have any questions or would like to review your options, please do not hesitate to contact your agent, Jeff or Suzanne. We are contracted with most insurance companies. We work for you, not the insurance company!

The 2023 Medicare Annual Enrollment Period runs from October 15 through December 7.

If you are satisfied with the plan design of your Stand-alone Prescription Drug Plan (PDP) for 2023, there is nothing additional for you to do. Your new card and information for 2023 will automatically be sent to you by the end of 2022.

Call us with any questions or schedule a time to talk with Jeff or Suzanne using the buttons above.

Do you want to know more?
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2023 Medicare Advantage Update

2023 Medicare Advantage (Part C) Update

Medicare Advantage plans are becoming more popular than ever.

Would a Medicare Advantage plan work for you?


Do you want to know more?
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How to pick a 2023 Medicare Part D – Stand-alone Prescription Drug Plan

How to pick a 2023 Medicare Part D - Stand-alone Prescription Drug Plan 

Do you have the right drug plan for 2023?

Use our finder to select the best plan for you!

New for 2023, use our website to make sure you have the best drug plan for your unique situation during Annual Enrollment Period (October 15 – December 7).  Enter your drugs with dosages and your preferred pharmacy to see which plan will work for you next year.

Important Points:

 1. We do NOT represent ALL of the drug plans.  Some Part D insurance companies do not work with agents so we cannot show their plans on our website.

2. You must CLICK the Prescription Drugs tab to search Part D plans.  The page default takes you to to Medicare Advantage on the quoting site. 

3. The default start date is January 1 if you are signing up during the AEP period (October 15 – December 7). After this period, the default effective date is the 1st of the next month.

4. If you are currently on a Medicare Advantage plan, and sign up for a Part D plan, this will disenroll you from that Medicare Advantage plan. Make sure you first have been approved for a Medicare Supplement, if you are applying for one.

5. If you make an account on the page, DO NOT use the +4 ZIP code. Just use the 5 digit ZIP code.

If you have any questions or would like to review your options, please do not hesitate to contact your agent, Jeff or Suzanne. We are contracted with most insurance companies. We work for you, not the insurance company!
Do you want to know more?
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2023 Medicare Part B Premium Announced

2023 Medicare Parts A & B Premiums and Deductibles 2023 Medicare Part D Income-Related Monthly Adjustment Amounts

Sep 27, 2022

On September 27, 2022, the Centers for Medicare & Medicaid Services (CMS) released the 2023 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2023 Medicare Part D income-related monthly adjustment amounts.

Medicare Part B Premium and Deductible

Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A. 

Each year the Medicare Part B premium, deductible, and coinsurance rates are determined according to the Social Security Act. The standard monthly premium for Medicare Part B enrollees will be $164.90 for 2023, a decrease of $5.20 from $170.10 in 2022. The annual deductible for all Medicare Part B beneficiaries is $226 in 2023, a decrease of $7 from the annual deductible of $233 in 2022.

The 2022 premium included a contingency margin to cover projected Part B spending for a new drug, Aduhelm. Lower-than-projected spending on both Aduhelm and other Part B items and services resulted in much larger reserves in the Part B account of the Supplementary Medical Insurance (SMI) Trust Fund, which can be used to limit future Part B premium increases. The decrease in the 2023 Part B premium aligns with the CMS recommendation in a May 2022 report that excess SMI reserves be passed along to people with Medicare Part B coverage.

Beginning in 2023, certain Medicare enrollees who are 36 months post kidney transplant, and therefore are no longer eligible for full Medicare coverage, can elect to continue Part B coverage of immunosuppressive drugs by paying a premium. For 2023, the immunosuppressive drug premium is $97.10.

Medicare Open Enrollment and Medicare Savings Programs

Medicare Open Enrollment for 2023 will begin on October 15, 2022 and ends on December 7, 2022. During this time, people eligible for Medicare can compare 2023 coverage options between Original Medicare, and Medicare Advantage, and Part D prescription drug plans. In addition to the soon-to-be released premiums and cost sharing information for 2023 Medicare Advantage and Part D plans, the Fee-for-Service Medicare premiums and cost sharing information released today will enable people with Medicare to understand their Medicare coverage options for the year ahead. Medicare health and drug plan costs and covered benefits can change from year to year, so people with Medicare should look at their coverage choices annually and decide on the options that best meet their health needs.

To help with their Medicare costs, low-income seniors and adults with disabilities may qualify to receive financial assistance from the Medicare Savings Programs (MSPs). The MSPs help millions of Americans access high-quality health care at a reduced cost, yet only about half of eligible people are enrolled. The MSPs help pay Medicare premiums and may also pay Medicare deductibles, coinsurance, and copayments for those who meet the conditions of eligibility. Enrolling in an MSP offers relief from these Medicare costs, allowing people to spend that money on other vital needs, including food, housing, or transportation. People with Medicare interested in learning more can visit: https://www.medicare.gov/your-medicare-costs/get-help-paying-costs/medicare-savings-programs.

Medicare Part B Income-Related Monthly Adjustment Amounts

Since 2007, a beneficiary’s Part B monthly premium is based on his or her income. These income-related monthly adjustment amounts affect roughly 7 percent of people with Medicare Part B. The 2023 Part B total premiums for high-income beneficiaries with full Part B coverage are shown in the following table:

Full Part B Coverage

Beneficiaries who file individual tax returns with modified adjusted gross income:

Beneficiaries who file joint tax returns with modified adjusted gross income:

Income-Related Monthly Adjustment Amount

Total Monthly

 Premium Amount

Less than or equal to $97,000

Less than or equal to $194,000

$0.00

$164.90

Greater than $97,000 and less than or equal to $123,000

Greater than $194,000 and less than or equal to $246,000

$65.90

$230.80

Greater than $123,000 and less than or equal to $153,000

Greater than $246,000 and less than or equal to $306,000

$164.80

$329.70

Greater than $153,000 and less than or equal to $183,000

Greater than $306,000 and less than or equal to $366,000

$263.70

$428.60

Greater than $183,000 and less than $500,000

Greater than $366,000 and less than $750,000

$362.60

$527.50

Greater than or equal to $500,000

Greater than or equal to $750,000

$395.60

$560.50

 The 2023 Part B total premiums for high-income beneficiaries with immunosuppressive drug only Part B coverage are shown in the following table:

Part B Immunosuppressive Drug Coverage Only

Beneficiaries who file individual tax returns with modified adjusted gross income:

Beneficiaries who file joint tax returns with modified adjusted gross income:

Income-Related Monthly Adjustment Amount

Total Monthly

 Premium Amount

Less than or equal to $97,000

Less than or equal to $194,000

$0.00

$97.10

Greater than $97,000 and less than or equal to $123,000

Greater than $194,000 and less than or equal to $246,000

$64.70

$161.80

Greater than $123,000 and less than or equal to $153,000

Greater than $246,000 and less than or equal to $306,000

$161.80

$258.90

Greater than $153,000 and less than or equal to $183,000

Greater than $306,000 and less than or equal to $366,000

$258.90

$356.00

Greater than $183,000 and less than $500,000

Greater than $366,000 and less than $750,000

$356.00

$453.10

Greater than or equal to $500,000

Greater than or equal to $750,000

$388.40

$485.50

Premiums for high-income beneficiaries with full Part B coverage who are married and lived with their spouse at any time during the taxable year, but file a separate return, are as follows:

Full Part B Coverage

Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses, with modified adjusted gross income:

Income-Related Monthly Adjustment Amount

Total Monthly Premium Amount

Less than or equal to $97,000

$0.00

$164.90

Greater than $97,000 and less than $403,000

$362.60

$527.50

Greater than or equal to $403,000

$395.60

$560.50

Premiums for high-income beneficiaries with immunosuppressive drug only Part B coverage who are married and lived with their spouse at any time during the taxable year, but file a separate return, are as follows:

Part B Immunosuppressive Drug Coverage Only

Beneficiaries who are married and lived with their spouses at any time during the year, but who file separate tax returns from their spouses, with modified adjusted gross income:

Income-Related Monthly Adjustment Amount

Total Monthly Premium Amount

Less than or equal to $97,000

$0.00

$97.10

Greater than $97,000 and less than $403,000

$356.00

$453.10

Greater than or equal to $403,000

$388.40

$485.50

Medicare Part A Premium and Deductible

Medicare Part A covers inpatient hospital, skilled nursing facility, hospice, inpatient rehabilitation, and some home health care services. About 99 percent of Medicare beneficiaries do not have a Part A premium since they have at least 40 quarters of Medicare-covered employment.

The Medicare Part A inpatient hospital deductible that beneficiaries pay if admitted to the hospital will be $1,600 in 2023, an increase of $44 from $1,556 in 2022. The Part A inpatient hospital deductible covers beneficiaries’ share of costs for the first 60 days of Medicare-covered inpatient hospital care in a benefit period. In 2023, beneficiaries must pay a coinsurance amount of $400 per day for the 61st through 90th day of a hospitalization ($389 in 2022) in a benefit period and $800 per day for lifetime reserve days ($778 in 2022). For beneficiaries in skilled nursing facilities, the daily coinsurance for days 21 through 100 of extended care services in a benefit period will be $200.00 in 2023 ($194.50 in 2022).

Part A Deductible and Coinsurance Amounts for Calendar Years 2022 and 2023
by Type of Cost Sharing

 

2022

2023

Inpatient hospital deductible

$1,556

$1,600

Daily coinsurance for 61st-90th Day

$389

$400

Daily coinsurance for lifetime reserve days

$778

$800

Skilled Nursing Facility coinsurance

$194.50

$200.00

Enrollees age 65 and over who have fewer than 40 quarters of coverage and certain persons with disabilities pay a monthly premium in order to voluntarily enroll in Medicare Part A. Individuals who had at least 30 quarters of coverage or were married to someone with at least 30 quarters of coverage may buy into Part A at a reduced monthly premium rate, which will be $278 in 2023, a $4 increase from 2022. Certain uninsured aged individuals who have less than 30 quarters of coverage and certain individuals with disabilities who have exhausted other entitlement will pay the full premium, which will be $506 a month in 2023, a $7 increase from 2022. 

For more information on the 2023 Medicare Parts A and B premiums and deductibles Notices (CMS-8080-N, CMS-8081-N, CMS-8082-N), please visit:

CMS-8080-N: https://www.federalregister.gov/public-inspection/2022-21180/medicare-program-calendar-year-2023-inpatient-hospital-deductible-and-hospital-and-extended-care

CMS-8081-N:https://www.federalregister.gov/public-inspection/2022-21176/medicare-program-cy-2023-part-a-premiums-for-the-uninsured-aged-and-for-certain-disabled-individuals

CMS-8082-N:https://www.federalregister.gov/public-inspection/2022-21090/medicare-program-medicare-part-b-monthly-actuarial-rates-premium-rates-and-annual-deductible

Medicare Part D Income-Related Monthly Adjustment Amounts

Since 2011, higher income beneficiaries’ Part D monthly premiums are based on income. These income-related monthly adjustment amounts affect roughly 8 percent of people with Medicare Part D. These individuals will pay the income-related monthly adjustment amount in addition to their Part D premium. Part D premiums vary from plan to plan and roughly two-thirds of beneficiaries pay premiums directly to the plan, while the remaining beneficiaries have their premiums deducted from their Social Security benefit checks. Regardless of how a beneficiary pays their Part D premium, the Part D income-related monthly adjustment amounts are deducted from Social Security benefit checks or paid directly to Medicare. The 2023 Part D income-related monthly adjustment amounts for high-income beneficiaries are shown in the following table:

Beneficiaries who file individual tax returns with modified adjusted gross income:

Beneficiaries who file joint tax returns with modified adjusted gross income:

Income-related monthly adjustment amount

Less than or equal to $97,000

Less than or equal to $194,000

$0.00

Greater than $97,000 and less than or equal to $123,000

Greater than $194,000 and less than or equal to $246,000

12.20

Greater than $123,000 and less than or equal to $153,000

Greater than $246,000 and less than or equal to $306,000

31.50

Greater than $153,000 and less than or equal to $183,000

Greater than $306,000 and less than or equal to $366,000

50.70

Greater than $183,000 and less than $500,000

Greater than $366,000 and less than $750,000

70.00

Greater than or equal to $500,000

Greater than or equal to $750,000

76.40

Premiums for high-income beneficiaries who are married and lived with their spouse at any time during the taxable year, but file a separate return, are as follows:

Beneficiaries who are married and lived with their spouses at any time during the year, but file separate tax returns from their spouses, with modified adjusted gross income:

Income-related monthly adjustment amount

Less than or equal to $97,000

$0.00

Greater than $97,000 and less than $403,000

70.00

Greater than or equal to $403,000

76.40

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Kentucky’s Health Insurance Marketplace

Kentucky’s Health Insurance Marketplace

Kentucky moved from healthcare.gov to Kynect for 2022 and beyond.  The transition was a little bumpy for many Kentucky residents.  If you need help with under age 65 health insurance in Kentucky and you are already in the Kynect system, I can try to help.  First, you must assign me as your agent by calling Kynect at 1-855-306-8959 or logging into your Kynect profile.  Please make sure you assign me as your Insurance Agent (not authorized rep), Jeffrey Janosick MedMyWay NPN 10935898.  Once I am assigned as your agent, I can access your information on Kynect and try to help sort out any issues you are having or help find new coverage.  Due to complexities with Kynect, I cannot guarantee I can solve all problems but I can try to help.

Kynect logo with phone number