Get Important Information Regarding Changes To ... - Anthem

Beginning Jan. 1, 2024, most U.S. residents enrolled in Original Medicare (Part A and Part B) or a Medicare Advantage plan must pay a standard Part B monthly premium of $174.70, an increase of $9.80 (or 5.9%) from 2023. The Part B annual deductible is also rising by $14 (or 6.2%) to $240.

If you earn more than $103,000 ($206,000 if you're married), you pay higher monthly rates for both Medicare Part B and D. For 2024, your costs for Medicare Parts B and D are based on the income on your 2022 tax return.

Premiums and deductibles For 2024, the Part A deductible will be $1,632 per stay, an increase of $32 from 2023. Beneficiaries with Medicare Advantage plans should check with their insurer for hospital charges. Part B: The standard monthly Part B premium is rising by almost $10 — from $164.90 to $174.70.

You leave the donut hole once you've spent $7,400 out of pocket for covered drugs in 2023 ($8,000 in 2024). 2024 is the last year for the donut hole. A $2,000 out-of-pocket cap takes effect for Medicare Part D in 2025.

Among the most commonly cited reasons are excessive prior authorization denial rates and slow payments from insurers. Some systems have noted that most MA carriers have faced allegations of billing fraud from the federal government and are being probed by lawmakers over their high denial rates.

The Anthem Benefits Prepaid Card You can use the card to easily access the allowances that come with your plan. It can help cover dental, vision, and hearing services and other expenses like groceries, over-the-counter items, utility bills, and more.