What the Inflation Reduction Act Means for Your Medicare & ACA Clients

 

In August 2022 Biden signed the Inflation Reduction Act into law. That means there are a lot of big changes coming for agents and clients alike. Listen to find out how those changes affect you and your business.

 

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Resources:

 

8 Reasons Why Medicare Agents Should Sell ACA Plans: https://www.ritterim.com/blog/8-reasons-why-medicare-agents-should-sell-aca-plans/

CMS Announces 2022 Medicare Advantage and Part D Costs: https://living.medicareful.com/cms-announces-2022-medicare-advantage-and-part-d-costs 

CMS Projects Lower 2023 Part D Average Costs: https://living.medicareful.com/cms-announces-lower-projected-2023-part-d-average-costs

Methods to Boost Your Medicare Business: https://www.ritterim.com/blog/methods-to-boost-your-medicare-business/

The State of the ACA Market in 2022: https://www.ritterim.com/blog/the-state-of-the-aca-market-in-2022/

Tips for Cross-Selling Medicare Products: https://www.ritterim.com/blog/tips-for-cross-selling-medicare-products/

 

References:

 

Americans’ Challenges with Health Care Costs: https://www.kff.org/health-costs/issue-brief/americans-challenges-with-health-care-costs/

Extending Health Subsidies Averts Premium Hikes, Risks Inflation: https://news.bloomberglaw.com/health-law-and-business/extending-health-subsidies-averts-premium-hikes-risks-inflation

Fact Sheet: What happens to premiums if the extra help from the American Rescue Plan expires: https://www.hhs.gov/about/news/2022/06/22/fact-sheet-what-happens-premiums-if-extra-help-american-rescue-plan-expires.html

Five Things to Know About the Renewal of Extra Affordable Care Subsidies in the Inflation Reduction Act: https://www.kff.org/policy-watch/five-things-to-know-about-renewal-of-extra-affordable-care-act-subsidies-in-inflation-reduction-act/

How Will the Prescription Drug Provisions in the Inflation Reduction Act Affect Medicare Beneficiaries: https://www.kff.org/medicare/issue-brief/how-will-the-prescription-drug-provisions-in-the-inflation-reduction-act-affect-medicare-beneficiaries/

Inflation Rebate Penalty for Drug Companies: https://www.commonwealthfund.org/publications/explainer/2021/jun/inflation-rebate-penalty-drug-companies   

Marketplace Enrollment, 2014-2022: https://www.kff.org/health-reform/state-indicator/marketplace-enrollment/

Part D Senior Savings Model: https://innovation.cms.gov/innovation-models/part-d-savings-model

Public’s Top Priority for 2022: Strengthening the Nations Economy: https://www.pewresearch.org/politics/2022/02/16/publics-top-priority-for-2022-strengthening-the-nations-economy/

Why Insulin Is So Expensive in the U.S.—And What the Inflation Reduction Act Does About It: https://time.com/6206569/insulin-prices-inflation-reduction-act/

The Inflation Reduction Act is a Milestone Achievement in Lowering Americas’ Health Care Costs: https://www.commonwealthfund.org/blog/2022/inflation-reduction-act-milestone-achievement-lowering-americans-health-care-costs

What Are the Prescription Drug Provisions in the Inflation Reduction Act: https://www.kff.org/slideshow/what-are-the-prescription-drug-provisions-in-the-inflation-reduction-act/

What the Inflation Reduction Act Means to Older Adults: https://www.ncoa.org/article/what-the-inflation-reduction-act-means-to-older-adults

What would ACA Subsidies Have Been in 2022 if COVID-19 Relief Had not passed: https://www.kff.org/interactive/subsidy-calculator-without-arpa/