Fraud Prevention – Tip Of the Month
Monthly Fraud Prevention Facts
What’s New with Medicare – 2017
Point 1: Understand your Part B premium costs in 2017
Most people with Medicare pay a monthly premium for Part B. In 2017, the Part B premium is not the same for everyone. The base premium is $134 per month, but most people will pay a lower amount in 2017 because they are protected by something called the hold harmless provision. You will pay the lower premium if:
· You were entitled to Social Security benefits for November and December of 2016, and
· The Part B premium was or will be deducted from those benefits for November 2016 through January 2017.
If you meet these guidelines to pay the lower premium, your 2017 premium will be higher than it was in 2016 by the same amount as your Social Security Cost of Living Adjustment. In 2017, this adjustment is 0.3%. The average Part B premium for those protected by hold harmless is $109, but your premium may be higher or lower. To learn your amount, check your Social Security statement or contact the Social Security Administration at 800-772-1213.
Point 2: Understand your Part B deductible and coinsurance costs in 2017.
If you have Original Medicare, you will pay an annual Part B deductible of $183 in 2017, up from $166 last year. You will continue to pay a 20% coinsurance amount for most services covered by Part B. The amount you pay for Medicare Advantage Plan deductibles, copayments, and/or coinsurances varies by plan.
Point 3: Review your Medicare Part D costs, benefits, and any changes in 2017.
The national average for Part D premiums in 2017 is $35.63. Your other monthly drug costs may vary based on your plan and which coverage period you are in. Let me explain:
· No plan’s deductible in 2017 can be higher than $400.
· You will pay a portion of the cost of your drugs and your plan will pay the rest until you have accumulated $3,700 in total drug costs for most plans in 2017. This is when you l enter what is called either the donut hole or the coverage gap.
· During the donut hole, your plan does not pay as much for your drugs, so your out-of-pocket costs will often be higher. For most plans in 2017, the donut hole ends when you have spent $4,950 out of pocket on covered drugs. By the way, your premium costs do not count toward this amount.
· After leaving the donut hole, you pay 5% of the cost of each drug, or $3.30 for generics and $8.25 for brand-name drugs—whichever is greater.
- you have bills from providers, Medicare, Medigap insurers, or pharmacies that seem at odds with this information, or
- you think your 2017 coverage was changed without your knowledge or consent
Contact your Senior Medicare Patrol (SMP) program in Wyoming at 1 (800) 856-4398 for assistance.
Report Suspected Fraud
To report suspected fraud, call the Wyoming Senior Medicare Patrol at 1 (800) 856-4398, send an email to firstname.lastname@example.org, or stop by your Wyoming Senior Citizens, Inc. office in Riverton, Casper, or Cheyenne. Addresses are listed on our website at http://www.wyomingseniors.com/wsci-locations-contact-information.