What the Medicare TV commercial - Year to Year Changes is about.
In the Medicare TV spot, 'Year to Year Changes', the focus is on educating people about the changes made to Medicare plans from year to year. The video starts with a narrator explaining that Medicare plans change every year, and so do people's needs, which is why it is essential to keep up with the updated plans and evaluate if the current plan is still the best fit.
The video then showcases some examples of changes made in different Medicare plans, like improved benefits, reduced out-of-pocket costs, or expanded telehealth services. The narrator also mentions that some people may experience changes in their health conditions, which could affect their Medicare plan needs.
To emphasize the importance of evaluating and updating Medicare plans yearly, the video presents a senior couple who are pleased with their current plan but realize that their health needs may change in the future. They then decide to review their options and switch to a new plan that better suits their changing healthcare needs.
The video concludes by urging viewers to connect with Medicare resources and compare Medicare plans during the open enrollment period to ensure they have the best coverage for their needs.
Overall, the 'Year to Year Changes' Medicare TV spot educates viewers on the importance of reviewing and updating their Medicare plans annually to keep up with changing healthcare needs and available benefits.
Medicare TV commercial - Year to Year Changes produced for
Medicare
was first shown on television on October 15, 2021.
Frequently Asked Questions about medicare tv spot, 'year to year changes'
Medicare Part C (Medicare Advantage Plans)
While changes will be specific to the MA plan one is enrolled in, Medicare Advantage is expected to continue growing in 2023, with experts predicting that half of all Medicare enrollees will select an MA plan this year.
The vast majority of ads highlighted extra benefits a plan could offer, like dental benefits and lower out-of-pocket costs. Added benefits are among the most common reasons consumers choose Medicare Advantage over traditional coverage, according to the Commonwealth Fund.
In order for them to have a commercial, to begin with, they have to be approved through Medicare to have those commercials. So, the commercials are legitimate. They are not a scam. However, you may not be eligible for the benefits that they offer.
For 2023, the Part A deductible will be $1,600 per stay, an increase of $44 from 2022. For those people who have not worked long enough to qualify for premium-free Part A, the monthly premium will also rise. The full Part A premium will be $506 a month in 2023, a $7 increase.
In 2023, the premium is either $278 or $506 each month ($278 or $505 in 2024), depending on how long you or your spouse worked and paid Medicare taxes. You also have to sign up for Part B to buy Part A. If you don't buy Part A when you're first eligible for Medicare (usually when you turn 65), you might pay a penalty.
The standard monthly premium for Medicare Part B enrollees will be $164.90 for 2023, a decrease of $5.20 from $170.10 in 2022. The annual deductible for all Medicare Part B beneficiaries is $226 in 2023, a decrease of $7 from the annual deductible of $233 in 2022.
Beginning January 1, 2023, MA organizations and Part D drug plans will not be allowed to air TV advertisements before CMS has approved them, according to Kathryn Coleman, director of the Medicare Drug & Health Plan Contract Administration Group.
So, these commercials are not from Medicare or the government. In fact, a large Medicare agency pays Namath to advertise Advantage policies that beneficiaries can purchase from their agents.
Fall Annual Election Period: The primary reason behind the fall Medicare commercials is the annual election period. This enrollment period starts on October 15th and ends on December 7th every year. During this time, those who want to drop, change, or enroll in a Medicare Advantage or Part D drug plan can do so.
The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium will be $164.90 in 2023, a decrease of $5.20 from $170.10 in 2022.
$9.80
Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The standard monthly premium for Medicare Part B enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023.
Medicare Part B premiums will increase to $174.70 for 2024, an increase from $164.90 in 2023. The Medicare Part A inpatient hospital deductible beneficiaries pay with hospital admission will be $1,632 in 2024, an increase of $32 from $1,600 in 2023.
