Medicare Advantage plans are available for people with End-Stage Renal Disease (ESRD) as of 2021.
Medical Advantage plans have the flexibility to include telehealth provider in practice areas including primary care, cardiology, dermatology, psychiatry, gynecology, and endocrinology
Standard Medicare Part D prescription drug plan coverage parameters are new in 2021. Initial Deductible will increase by $10 to $445 in 2021. Initial Coverage Limit will increase to $4,130 in 2020 from $4,020 in 2020; Out-of-Pocket Threshold will increase to $6,550 from $6,350 in 2020. Coverage Gap (Donut Hole) will begin once you reach your Medicare Part D plan’s initial coverage limit of $4,130 in 2021 from $4,020 in 2020 and will end when you spend a total of $6,550 out-of-pocket in 2021.
The threshold for entering the catastrophic coverage phase (where out-of-pocket spending decreases significantly) is increasing to $6,550.
As part of the new Part D Senior Savings Model, about 30% of all 2021 stand-alone Medicare Part D plans and Medicare Advantage plans with drug coverage will offer coverage of different types of insulin at a maximum co-pay of $35 per month.
This is the second year Part D enrollees will receive a 75% discount on the total cost of their brand-name and generic drugs purchased while in the Donut Hole. This includes a 70% discount paid by the brand-name drug manufacturer and a 5% discount paid by your Medicare Part D plan.
The maximum out-of-pocket limit for Medicare Advantage plans is increasing to $7,550 for 2021, up from $6,350 in 2020 and $5,100 in 2019.
The income brackets for Medicare Part B and D are projected to start at $88,000 for a single person, (from $87,000 in 2020) and the high-income surcharges for Part D and Part B will increase in 2021.
The standard Part B premium increased to $144.30 from $135.50 in 2020. The Centers for Medicare and Medicaid Services has not yet announced the standard Part B premium for 2021.
The average Medicare Advantage (Medicare Part C) premiums for 2021 is expected to be lower — $21/month in 2021, down from $23/month in 2020.
