Medicare announced earlier than usual this year that there will be some changes in costs and coverage offerings for 2019. As far as costs go, the Medicare Part B monthly base premium will go from $134 to $135.50 starting January 1st. See the chart below for additional details in cost changes.
Changes in Medicare Costs for 2019:
Additional New Features
Medicare has also added some features and additional coverage. The two most important changes that will have a positive impact on most Medicare cardholders are:
- ELIMINATION OF THE DONUT HOLE for brand name medications
- Medicare Advantage Plan test drive from January 1st through March 31st
Other changes include increased access to occupational, physical, and speech therapy for those on Original Medicare since therapy cap has been eliminated. Medicare will start covering tele-medicine services via online or telephone for stroke care and for people with end-stage renal disease. Those on Medicare Advantage will have access to lifestyle support like meal delivery, transportation and the services of home health aides if the plan chooses to offer those benefits.
There are many changes to individual insurance plans, and October is the best time to review your coverage. See our guide to navigating Annual/Open Enrollment Period from October 15th through December 7th.
If you would like to schedule an Annual/Open Enrollment Period review of your coverage and discuss how these future changes may affect you, simply click here to fill out a consultation request.