Showing posts from October, 2017

Medicare Part D 2018 Costs

Hello Medicare recipients. Let me start by quoting one of my agents “It’s that time of year again!” and I just want to take a few minutes here and update all of you on some new costs for 2018 regarding Medicare Part D.This coming year the deductible phase will be increased by $5 to $405 in 2018. That does not mean every plan has a deductible, all it means is that per Medicare guidelines is that no plan can have a deductible exceeding $405 for the year. Contact BGA about obtaining a deductible free plan.Next is the initial coverage phase which is also known as the copay or coinsurance phase.The limit will increase from $3,700 in 2017 to $3,750 in 2018. This is basically where the Medicare member pays a flat copay for his or her prescriptions until the total annual cost of $3,750 is reached.Next phase once you reach the limit on your copay’s will be the coverage gap also known as the “donut hole.” The TrOOP (true out of pocket) expenses will increase from $4,950 in 2017 to $5,000 in 201…

Greg Gudis - Medicare Enrollment 2017

John Billetdoux - Agent Introduction