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New in Medicare for 2024

2024 brings about Medicare changes that affect all Medicare beneficiaries. These include:

Medicare Prescription Drug (Part D) changes:

  • People with the Partial Extra Help, also know as Partial Low Income Subsidy (LIS), will all be automatically moved to the Full Extra Help (Full LIS) on January 1, 2024. This means that Medicare Part D costs including premiums, deductibles, coinsurance and copayments are reduced.
  • After people reach the Medicare Part D catastrophic coverage level, they will not have any more costs for the year.

Medicare Advantage Plans (Part C) and Part D changes:

  • Special Enrollment Periods (SEP) have been added for people to enroll in a Medicare Advantage Plan and/or Medicare Part D Plan during the first two months of enrolling in Medicare. This includes people who enrolled in Medicare during the following:
    • Last three months of Initial Enrollment Period (IEP)
    • Annual General Enrollment Period (January 1 – March 31)
    • A Special Enrollment Period (SEP)

Medicare Coverage for Power Seat Elevation Equipment

  • The person must be evaluated to demonstrate they can safely use the equipment in their home.
  • To qualify for coverage, evaluations of the person’s condition are required.
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