#medicarepdp

[totalbenefits]

Medicare Annual Pre-Enrollment Checklist

Before making an enrollment decision, it is important that you fully understand your benefits and rules. Download this handy form below when planning your Medicare enrollment. Please contact us at (215)355-2121 to schedule your annual Medicare review. MedicareCENTER-Pre-Enrollment-ChecklistDownload

[totalbenefits]

Wellcare PDP Plans: Contract Termination: Important Change!!

Total Benefit Solutions, Inc has been notified by Wellcare PDP plans that our contract is being terminated without cause beginning immediately. Due to the changes in coverage mandated by the Inflation Reduction Act, Wellcare is terminating our agreement for the purposes of not paying bew or renewal business commissions. What does that mean for our clients?Beginning immediately, we will no longer…

[totalbenefits]

Important Changes to Medicare Drug Coverage for 2025

The Inflation Reduction Act (IRA) has resulted in significant changes to Part D including:Elimination of the Coverage Gap or “donut hole”A new $2,000 out-of-pocket spending capshift in cost sharing responsibility in the catastrophic coverage phaseA new cost sharing smoothing option called the Medicare Prescription Payment PlanThese changes have an enormous impact on your Medicare coverage in 2025…

[totalbenefits]

CMS Releases 2025 Medicare Part D Bid Information and Announces Premium Stabilization Demonstration

The Centers for Medicare & Medicaid Services (CMS) is releasing preliminary technical Medicare Part D bid information for contract year 2025 to help Part D plan sponsors finalize their Part D and Medicare Advantage (MA) offerings and prepare for Medicare Open Enrollment. Additionally, CMS is announcing a voluntary demonstration to support implementation of the redesigned Part D benefit and…

[totalbenefits]

Does an MSA Health Insurance Plan (Medical Savings Account) cover prescription drugs?

Does an MSA Health Insurance Plan (Medical Savings Account) cover prescription drugs?

Does an MSA health insurance plan cover drugs? No. You A Medicare MSA Plan cannot cover prescription drugs. To cover prescription drugs when you have an MSA you must enroll in a separate policy with prescription drug coverage. You can also join a Medicare Prescription Drug Plan to help with your drug costs. As always please ask your Total Benefit Solutions, Inc health insurance expert about your…