2023 NJ PAAD Income Levels Released
Last week, the state of NJ released their 2023 income levels for State Prescription Assistance Programs. These are very helpful programs for individuals that have lower income and expensive medications. EFFECTIVE JANUARY 1, 2023 The PAAD income eligibility limits for calendar year 2023 are: The SENIOR GOLD income eligibility limits for calendar year 2023 are: […]
2023 Medicare Part B Premiums, IRMAAs, and Deductible
CMS just announced the updated Part B premiums for 2023. The standard Part B Premium REDUCED $5.20/month from $170.10/month in 2022 to $164.90/month in 2023.Part B deductible REDUCED $7 from $233 in 2022 to $226 in 2023. The main reason for the reduction in the Part B Premiums for 2023 was the very large increase […]
2023 Medicare Part D Changes
Each year, there are changes to the Part D Prescription Drug Coverage of Medicare. We won’t have visibility to the actual Part D Plans until October 1, but there are some structural changes that occur each year with Part D. Key updates for 2023 are below. Annual DeductibleThe government sets a maximum deductible amount for […]
“Welcome to Medicare” and “Yearly Wellness” Visits
When you first enroll in Medicare Part B, Medicare provides an initial “Welcome to “Medicare” visit. This initial “Welcome to “Medicare” visit is different than the “Annual Wellness” visits that Medicare provides. There is some confusion about these two types of visits, so we have provided some highlights of what is included with each of […]