CMS releases 2022 Cost-sharing Medicare Advantage & Rx plans

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FILE – In this Nov. 8, 2018 file photo, the U.S. Medicare Handbook is photographed in Washington. The Senate has confirmed President Joe Biden’s pick to run U.S. health insurance programs, putting in place a key player who’ll carry out his strategy for expanding affordable coverage and reining in prescription drug costs. Obama-era policy adviser Chiquita Brooks-LaSure will be the first Black woman to head the Centers for Medicare and Medicaid Services, or CMS, which also administers children’s health insurance and the Affordable Care Act. (AP Photo/Pablo Martinez Monsivais)

ALBANY, N.Y. (NEWS10) – On Thursday, the Centers for Medicare & Medicaid Services (CMS) released its 2022 cost-sharing plans premiums, deductibles with other information for Medicare Advantage and Part D Rx plans, in advance of the annual Medicare open enrollment.

The annual Medicare Open Enrollment period is October 15, 2021, through December 7, in which members can review their health care coverage options to fits their needs, find new plans/change existing plans, discover extra benefits and possibly save money.

The CMS projects enrollments in Medicare Advantage in 2022 to reach 29.5 million people compared to 26.9 million enrolled in a Medicare Advantage plan in 2021.

Medicare Advantage plans continue to offer a range of supplemental benefits for 2022 in preventive and comprehensive dental, eyewear, and hearing aids, with access to meals as well as for a limited duration,
over-the-counter items, fitness benefits, and worldwide emergency/urgent coverage.

In addition, the percentage of plans offering special supplemental benefits for chronically ill individuals will
increase from 19% to 25%.

Visit Medicare Advantage and Part D website for state-by-state cost-sharing plans information and benefits.

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