What’s New for Medicare in 2021

As part of a short-term funding bill passed by the Senate, increases to Medicare Part B premiums will be capped at 25% of what it otherwise would have been for 2021.

Savings. Although we do not yet have an exact premium amount for 2021, the Senior Citizens League, an advocacy group, is estimating the increase to be 1.3% instead of the previously expected 6%. Exact premium amounts are expected to be released sometime in November.

The Part D Senior Savings Model provides affordable insulin. We all know what a difficult problem this has been. Participating plans will offer insulin for a maximum copay of $35 for a 30-day supply of certain brands of insulin starting in 2021.

This will increase the ability of seniors to obtain quality insulin for lower prices. You or your family members with diabetes won’t have to panic when you have to buy insulin, wondering how to afford it.

In 2020, roughly 58% of plans offered telehealth benefits. 2021 will see an increase in that number to over 94% of plans offering telehealth.

This will give seniors a big advantage in 2021. With the ongoing pandemic, many seniors have been afraid to venture out to see their doctors. Telehealth allows patients to talk to their doctors by using a phone or computer. It’s completely safe and saves you the time you would normally spend waiting at the doctor’s office.