The CMS issued preliminary payment policies for Medicare Advantage and prescription drug plans for next year. Medicare Advantage rates will rise by 1.28% in 2011. As for Medicare prescription drug plans, called Part D, the deductible will remain at $310. The initial coverage limit will increase by $10, to $2,840, and was adjusted for inflation. The so-called “doughnut hole” of maximum out-of-pocket expenses beneficiaries must pay after reaching their initial coverage limit will remain at $4,550 next year, according to the proposal. Comments on the proposed changes are due by March 5.
Late News: Medicare Advantage rates set to rise 1.28% in 2011
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