Welcome to Fair Square's First Newsletter
The world of Medicare is changing. Here are a few things to know:
Stay Up to Date on Medicare!
1. Medicare premiums have gone down for 2023.
Part A
andPart B
changes will affect your wallet. For more information about how Medicare has changed in the new year, we've done adeep dive here.
2. Your Medicare expenses are tax deductible.
our article about how you can deduct Medicare expenses
, including premiums, co-pays, and more, from your taxes before you file.3. The shingles
vaccine is now free on Medicare Part D.
4. There's a push for prior authorization reform.
Axios
, 2 million prior authorization requests were denied in 2021. Of the 11% that were appealed, 82% of these decisions were reversed. This has led the CMS and the AMA topush policymakers to act
this year and move prior authorization forms to a standardized electronic form for many insurers, which might lead to fewer denials of coverage for those with Medicare Advantage plans. The proposal would also require certain insurers to get back prior authorization requests quicker and add transparency to the process. These reforms would take effect in 2026.5. Medicare Supplement Plan G is still the best coverage out there.
here
.
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Virgil Insurance Agency, LLC (DBA Fair Square Medicare) and www.fairsquaremedicare.com are privately owned and operated by Help Button Inc. Medicare supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program. This is a solicitation of insurance. A licensed agent/producer may contact you. Medicare Supplement insurance is available to those age 65 and older enrolled in Medicare Parts A and B and, in some states, to those under age 65 eligible for Medicare due to disability or End-Stage Renal disease. Virgil Insurance Agency is a licensed and certified representative of Medicare Advantage HMO, HMO SNP, PPO, PPO SNP and PFFS organizations and stand-alone PDP prescription drug plans. Each of the organizations we represent has a Medicare contract. Enrollment in any plan depends on contract renewal. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, or sex. Plan availability varies by region and state. For a complete list of available plans please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov. © 2024 Help Button Inc
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
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