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But she doesn’t suffer fools gladly, either. (Thanks Saint Paul!). Or oversized egos. And there are quite a few around here.She won't bite . . . unless you are talking through your butt (which some agents do). If you know your stuff she can be quite pleasant.
In simpler terms, we have an election coming up and don’t want a bunch of pissed off Seniors so we are gonna throw millions towards the Part D program. Yes, that is the most political I will ever get.
“[T]he [national average monthly 2025 Medicare Part D bid amount (NAMBA)] in 2025 looks different than in recent years because of the Part D benefit design changes. Importantly, the amount of increase in the NAMBA does not mean that Part D premiums will increase by a similar amount. A significant portion of the NAMBA increase represents funds moving from reinsurance payments to upfront payments in the form of the government subsidy to plans. The preliminary estimated average government subsidy to plans will be $142.67 in 2025.” [emphasis added]
CMS went on to further explain:
"This [280% NAMBA] increase is in line with expectations due to the redesign of the program that encourages better cost management of the Part D benefit by Part D sponsors through a larger risk-adjusted government Part D subsidy payment upfront rather than cost reconciliation on the back end based on beneficiary costs (i.e., reinsurance payments). Importantly, the amount of increase in the NAMBA does not mean that Part D premiums will increase by a similar amount. A significant portion of the NAMBA increase represents funds moving from reinsurance payments to upfront payments in the form of the government subsidy to plans."
As a comparison to last year, in July 2023, CMS calculated the 2024 average monthly Medicare Part D bid amount as $64.28 - an 85% increase over the 2023 average monthly bid of $34.71.