Also, traditionally, when Medicare benefits are changed, it is usually to expand the program rather than cut it.
How frequently do Medicare benefits change?
Original Medicare (Parts A and B) benefits do not change until government legislation changes. These are not generally frequent or significant changes. Medicare Part A and Part B benefits seldom vary, but their monthly premiums and deductibles (as well as perhaps additional fees) might. Many consumers do not pay an additional premium for Part A.
What factors influence the cost of Medicare benefits?
Any Congress, now or in the future, is unlikely to cut funds for your Medicare benefits. Medicare financing is considered obligatory spending by the government, which means it is regulated by written law rather than yearly appropriation bills. Medicare Part A and Part B rates and deductibles may increase, although generally not much.
Is it possible for my Medicare Advantage plan to change my Medicare benefits?
Are there any significant changes to Medicare benefits?
In 1965, President Lyndon B. Johnson signed Medicare into law. The inclusion of the Medicare Part D prescription medication coverage in 2006 may have been the most significant development since then. Although Original Medicare (Parts A and B) no longer covers most prescription medications taken at home, you can receive prescription drug coverage through a Medicare Advantage prescription drug plan or a stand-alone Part D prescription drug plan.
Medicare Advantage plans may provide additional Medicare benefits not covered by Medicare Parts A and B. Medicare Advantage plans can now provide the following benefits if you qualify for them:
Changes in Medicare benefits that you should be aware of:
Among the changes to watch for in your Plan Annual Notice of Change are: