Staff Contact: Andrew Wheeler
The Centers for Medicare & Medicaid Services announced that Medicare Open Enrollment officially is open and will run through Monday, Dec. 7. During Open Enrollment, Medicare beneficiaries can compare coverage options and choose prescription drug plans for 2021. CMS reports that since 2017, Medicare Advantage average monthly premiums have decreased 34%. CMS also reminds beneficiaries that certain prescription drug plans offer many types of insulin at a maximum copayment of $35 for a 30-day supply. Previously, CMS announced that the 2021 MA plans will offer expanded coverage for telehealth services. MA plans offering telehealth coverage will increase from 58% in 2020 to 94% in 2021.
CMS Administrator Seema Verma stated, “I hope everyone with Medicare takes time over the next few weeks to review their health and drug coverage for next year. There are more plans than ever to choose from, many new benefits and historically low plan premiums. Shopping for plans is easy with Medicare Plan Finder.”