2020 Medicare Parts A & B Premiums and Deductibles
On November 8, 2019, the Centers for Medicare & Medicaid Services (CMS) released the 2020 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs.
​
Medicare Part B Premiums/Deductibles
Medicare Part B covers physician services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A. 

Each year the Medicare premiums, deductibles, and copayment rates are adjusted according to the Social Security Act. For 2020, the Medicare Part B monthly premiums and the annual deductible are higher than the 2019 amounts. The standard monthly premium for Medicare Part B enrollees will be $144.60 for 2020, an increase of $9.10 from $135.50 in 2019. The annual deductible for all Medicare Part B beneficiaries is $198 in 2020, an increase of $13 from the annual deductible of $185 in 2019.

Proud and humbled that we have been a part of Eagle Market St over many years -  we have written the coverage for the organization and board of directors for last 8 years or so.  Finally their project is coming together !   

​Trout Insurance sponsored a fundraiser for Manna Foods on Saturday, October 26. Dave baked brownies and brewed hot apple cider. We matched donations of both food and dollars. We are happy to announce that we delivered 8 boxes of canned goods and $300 to Manna to help keep our community well fed. Many thanks to all who contributed!

​Many of our insurance partners offer discounted or free memberships for folks on Medicare to attend local fitness facilities. These include the YMCA, YWCA, Gold’s Gym, Workout Anytime and many others. We work with Physio physical therapy on Merrimon Avenue, who offer a variety of classes and therapies, plus Haywood Regional Fitness, who features a great facility and super pool!

​As we come into Open Enrollment for individual health insurance, Blue Cross is offering expanded benefits on their Gold and Silver plans–the first three visits to primary care doctors are covered at 100% with no Copay.

We are seeing premiums decrease and are very affordable on their Bronze plans. In many cases, the Marketplace subsidy is greater than the premium, so your monthly responsibility is zero.

​Healthcare.gov uses your “Modified Adjusted Gross Income" to calculate your premium subsidy. With tax reform passed by Congress in 2017, the 1040 return changed. Your Adjusted Gross income is found on line 7. If you or a family member on your return receives Social Security, the full value – line 5a must be added as well. And be sure to check with your tax or financial specialist.

For folks who do not qualify for premium subsidies, health insurance is expensive. One option may be a non–ACA plan. While these plans do not offer the same benefits, they may be the right fit for you. New is “Tri-Term" from United Health Care. Once underwritten, this coverage will renew without further health questions for a day short of 3 years. 

​Ben and Julie trick-or-treating in Weaverville, including our office on Main St.– where they know Dave is going to have some treats! 

Trout Insurance is proud to be featured in our town's local paper, The Weaverville Tribune. Both Jessica Cody and Jennifer Trout are graduates from North Buncombe High School and are now contributing to the success and expansion of our local business. We love our community and our team!  

John and Dave raised $250 for American Red Cross Hurricane Relief at Art and Autumn in Weaverville.

There is no better time to be a member of Blue Cross NC than right now! For the first time since Blue Cross offered Obamacare plans  five years ago, there will be a 5.5% average rate decrease for 2020 Affordable Care Act (ACA) plans offered to individuals. This equals  means a $230 million reduction in health care costs in 2020!  
This sounds exciting, but to one who is not insurance savvy, what does this all really mean? What this means is that everyone within the 100 counties in NC will see a market rate reduction, which will affect about 435,000 people within these areas.  Rates will still vary according to age, location, subsidy amount and plan.  Remember, your premiums will adjust annually for your age, this reduction applies to the “base premium.”  So Good News Here!
 
Medical Loss Ratio Rebates
 
To best understand what this is about, let us guide you through some quick definitions. 
MLR- this is the Medical Loss Ratio, which under the Affordable Care Act requires insurance companies to pay at least 80% of their premium dollars in medical claims. If they pay less than this, they are required to rebate the difference back to their customers.
As of September 30th, BCBSNC will begin mailing rebates to eligible subscribers. If you are under 65 and your monthly premiums are more than the amount of your refund, the rebates will be done via credit on your October Invoice. Nothing else is needed, if you are eligible you will be notified, if you think you are eligible and do not get notified, simply call the Member Services telephone number on the back of your member ID.  
 Questions ? Please feel free to contact your Trout Insurance Agent. ​

As families gather for thanksgiving, the last thing anyone is thinking about is car insurance. This was the ordinary case for Clarke who had a thanksgiving celebration at her house. The house was full, with aunties and uncles from the North-east of the country coming down to visit and all of her sons who had returned from college just for the break. Clarke was a successful business woman and had a love for cars. She had many different types of cars, from sports cars to SUVs and often allowed her sons to drive them when they returned from college. On the night of thanksgiving when Clarkes sons had made a plan to meet up with their friends at night at a bar to hang out, they were reader ended while they were stationary at a stop light. 
Luckily Clarke had made a smart decision of keeping her kids on her insurance policy. Car insurance is very important especially when it comes to such scenarios. Car insurance helps because you pay now and save later, protect yourself and others, save time and hassle, and finally because it gives you peace of mind. 
To find out more reasons about why you should buy car insurance contact a Trout Insurance agent today and let them help you in finding the best car Insurance policy for you.

​

For many, the term insurance is thrown around very often but not many people understand what exactly it is. The origins of insurance date back all the way to the Code of Hammurabi, a collection of Babylonian laws of 1700 BC, which provided the first credit insurance. But modern-day insurance dates back to 1666 with the Great fire of London which destroyed 13200 homes, which formed the birth of Nicolas Barbon’s office to insure buildings.  
Insurance is providing protection against financial loss in a number of situations. These situations include loss against one's property, life or health.  
Life insurance policies provide a certain amount of money when the insured person dies. Health Insurance pays all or covers most of one's medical care, whether it is hospitalization, surgery or a doctor's visit. Property Insurance is bought to protect individuals against financial loss on assets and has two major forms which are Home and Auto insurance.  
For more about any type of insurance, go to https://www.troutinsurance.com/ and get in touch with a Trout Insurance Agent today.  

​

Hopefully by the time you reach your 60s you will have found some form of a significant other whether it is a wife, divorced or a widow. Having this significant other when it comes to Medicare can be an asset in some situations. Just like any other person, the first and most important thing to determine whether or not your spouse's Medicare can cover you is whether or not you are eligible. To be eligible you must be 65 or over or have ESRD. If these do not apply, then you need to take a further step to be eligible for Part A insurance.  The scenarios are that you must have been married for at least a year, divorced and previously married for 10 years while being single now. And a widow for at least 9 months; all with the regulation that your spouse is now eligible for healthcare.   
To find out more about whether you can get Medicare through your spouse, contact a Troutt Insurance agent  

​