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Senior Markets

Senior Markets

2022 Medicare Beneficiary Costs

On November 12, 2021, the Centers for Medicare & Medicaid Services (CMS) released the 2022 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2022 Medicare Part D income-related monthly adjustment amounts.

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Illinois Birthday Rule Effective January 1, 2022

Starting January 1, 2022, individuals between 65 and 75 years old who have an existing Medicare supplement plan can choose a Medicare Supplement policy from the SAME carrier that offers benefits equal to or lesser than their existing plan for a period of at least 45 days from their birthday

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CMS Issues New Resource and Cost-Sharing Limits for LIS/Extra Help

The Centers for Medicare & Medicaid Services (CMS) is releasing guidance on the updated resource limits for individuals who apply and qualify for the low-income subsidy (LIS). As described at 42 CFR 423.772, resources include bank accounts, stocks, bonds, and other liquid resources that can be readily converted to cash within 20 days, as well as real estate that is not the beneficiary’s primary residence.

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Aetna: CMS Third Party Marketing Reminder

On October 8, 2021, CMS issued a memorandum with reminder guidance regarding Third Party Marketing and HPMS filing requirements. See the Third Party Marketing CMS Memo from October 8, 2021 below. In this reminder, CMS clearly calls out guidelines, outlined below, that have an impact on our industry’s interpretation of existing guidance.

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