Well, Actuarially...

The latest actuarial industry news, upcoming events, lessons learned and common questions about our actuarial consulting services.

CMS Announces 2019 Medicare Parts A & B Updates

Doctor wearing lab coat in a bright office

October 17, 2018 / by Bill Reynolds, FSA, MAAA

The Centers for Medicare & Medicaid Services (CMS) has announced changes to the Medicare Part A and Part B Deductibles for 2019. 

The major changes affecting the Medicare Supplement market are as follows:

  • The Part A Annual Deductible increases from $1,340 in 2018 to $1,364 in 2019.
  • The Part B Annual Deductible increases from $183 in 2018 to $185 in 2019.

Of less direct interest to the Medicare Supplement Market (but of interest for the overall Medicare Market):

  • The Standard Monthly Premium that Part B enrollees will pay increased from $134 in 2018 to $135.50 in 2019 (Note that not all Part B enrollees pay the standard Part B Premium).
  • Medicare Advantage Premiums are expected to decline (on average), by 6% in 2019 (versus 2018), while plan choices and new benefits increase.

Click here to read the full online article discussing this topic.

In addition, a fact sheet and further details regarding the 2019 Medicare Parts A and B premiums and deductibles can be found here on the CMS website.

wakely-actuarial-rate-increase-cta

            

Topics: Events and Announcements

Bill Reynolds, FSA, MAAA

Written by Bill Reynolds, FSA, MAAA

Bill started his actuarial career in 1997 and currently serves as Principal & Consulting Actuary. In his role, he focuses on product development, rate filings, financial workpapers, reserve calculations, and experience analysis.