We are quickly approaching the 2021 Medicare Open Enrollment Period (OEP). Some pricing is starting to be released, at this time it looks like Part D drug premiums will rise around 5% for 2022. No word yet on Part B premiums which most people have withdrawn from their Social Security check, but with a predicted 6%+ increase in COLA for your SS payment, my guess is that we will see an increase in Part B premium as well. Keep in mind, we have ways to counteract an increase in premiums, one way is through a Part B premium credit. For 2021, I saved about 40 clients $75 per person on their Part B premium, that's $900 per year, or $1,800 for a couple, which goes a long way when you are on a fixed income. Call us today to set up time to sit down during open enrollment, we will see how we can help you too!
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Article relating to Part D increase -----> https://www.fiercehealthcare.com/payer/cms-part-d-premiums-projected-to-increase-nearly-5-2022-to-33
CMS announced that average Part D premiums are projected to increase by nearly 5% to $33 in 2022, up from roughly $30 this year.