You can save money on brand-name drugs. If you’re in the donut hole, you’ll also get a 55% discount when buying Part D-covered brand-name prescription drugs (60% in 2017). The discount is applied automatically at the counter of your pharmacy—you don’t have to do anything to get it. The donut hole will be closed completely by 2020.
Changes to Medicare With the Affordable Care Act
You can get most screening services without additional cost. Screenings are medical tests to find illnesses early, when they’re easier to treat. For instance, a mammogram is a screening for breast cancer. A colonoscopy checks for colon cancer. You can also be checked for diabetes, high blood pressure, and high cholesterol.
Medicare Reform: How Soon Will Donald Trump Take Action?
House Speaker Paul Ryan is eager to overhaul Medicare, the federal insurance program for 56 million Americans ages 65-plus and younger people with certain disabilities. He has said that any effort to repeal Obamacare would have to include changes to Medicare. His proposal would transition Medicare to a program of “premium support,” whereby beneficiaries would get a fixed contribution from the government toward their care. This would likely mean that beneficiaries who choose the most comprehensive coverage would have to shoulder a higher portion of the cost themselves.
Medicare.gov: the official U.S. government site for Medicare
ObamaCare Medicare: ObamaCare and Medicare
ObamaCare now requires that Advantage plans cannot charge enrollees more than traditional Medicare for chemotherapy administration, skilled nursing home care and other specialized services. Starting in 2014, Medicare Advantage plans cannot spend more than 15 % of their Medicare payment on administrative costs, insurance company profits and non-healthcare related items. These cost cutting measures are estimated to bring in $1,000 in savings to CMS per Advantage Plan member without reducing any benefits. This is expected to help decrease Medicare part B payments, especially for low income seniors. Remember: Medicare Advantage Plans must provide at a minimum what Original Medicare covers.