Medicare open enrollment is underway. Here’s what’s new and what to watch out for

Martin Barraud | Getty ImagesIt’s the time of year for people on Medicare to give their coverage a checkup. “Each insurance carrier revisits their [drug] formulary and they renegotiate provider contracts,” said Elizabeth Gavino, founder of Lewin & Gavino in New York and an independent broker and general agent for Medicare plans. Also during that initial sign-up time, you can sign up for an Advantage Plan, which includes Parts A and B and, typically, a Part D prescription plan. Meanwhile, you als


Martin Barraud | Getty ImagesIt’s the time of year for people on Medicare to give their coverage a checkup. “Each insurance carrier revisits their [drug] formulary and they renegotiate provider contracts,” said Elizabeth Gavino, founder of Lewin & Gavino in New York and an independent broker and general agent for Medicare plans. Also during that initial sign-up time, you can sign up for an Advantage Plan, which includes Parts A and B and, typically, a Part D prescription plan. Meanwhile, you als
Medicare open enrollment is underway. Here’s what’s new and what to watch out for Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: sarah obrien
Keywords: news, cnbc, companies, available, advantage, services, prescription, whats, plans, enrollment, coverage, watch, heres, plan, open, underway, medicare, users


Medicare open enrollment is underway. Here's what's new and what to watch out for

Martin Barraud | Getty Images

It’s the time of year for people on Medicare to give their coverage a checkup. The program’s annual enrollment period runs from Oct. 15 through Dec. 7, which is when you can make changes to your coverage that will take effect Jan. 1. During this window, you can: • Switch to an Advantage Plan from original Medicare (Part A hospital coverage and Part B outpatient care); • Switch to original Medicare from an Advantage Plan; • Move from one Advantage Plan to another; • Move from one prescription drug plan (Part D) to another, or purchase one if you did not when first eligible. Experts say that even if you’ve been happy with your 2019 coverage, both Advantage and prescription drug plans are modified from year to year — and new plans become available, as well — which means it’s important to evaluate whether your current option is still the best available for you.

“Each insurance carrier revisits their [drug] formulary and they renegotiate provider contracts,” said Elizabeth Gavino, founder of Lewin & Gavino in New York and an independent broker and general agent for Medicare plans. “So you need to make sure your providers, prescriptions and your preferred pharmacy are still on the plan.” Additionally, changes can affect your premiums, copays, deductibles and covered services, along with the cost of your prescriptions. And, you might find coverage that meets your needs at a better cost. If, after evaluating your options, you determine that you want to stick with your current coverage, you don’t need to take any action. It’s worth noting that Medicare’s fall open enrollment is different from your initial enrollment period, which is a seven-month window that starts three months before your 65th birthday and ends three months after your birth month. Also during that initial sign-up time, you can sign up for an Advantage Plan, which includes Parts A and B and, typically, a Part D prescription plan. These plans also often include additional coverage such as dental, vision or wellness programs. Here are some key things to keep in mind this year.

What’s new

If you use the Plan Finder tool on Medicare.gov to compare your options each year, you’ll be navigating a new system. The updated version, which became available to users in late August, was met with criticism due to various changes — and glitches — that caused incomplete or incorrect results to be generated. While the Centers for Medicare and Medicaid Services has deployed many fixes in the wake of the negative feedback, it’s uncertain whether more tweaks are in store or if users will continue running into issues. “The intentions were good, but the timing was terrible,” said Danielle Roberts, co-founder of insurance firm Boomer Benefits in Fort Worth, Texas. She added, though, that users can always call 1-800-MEDICARE if any information seems to be missing or anything is unclear. As of Tuesday, there were still differences between the new and old versions that were not viewed as improvements. For example, users were still finding incomplete results related to prescription drugs, including the details of a particular plan’s limits on the quantity of the medicine you need covered. Meanwhile, you also might notice some supplemental benefits available through Advantage Plans that you hadn’t seen in the past. While many plans already offer extras such as dental or vision coverage, new rules allow Advantage Plans to offer services that go beyond traditional medical care. For example, roughly 500 plans are expected to offer services such as adult day care or caregiver support systems next year, according to the Centers for Medicare and Medicaid Services. Another 250 plans will offer things such as meal delivery, rides to the grocery store or even pest control. However, not all extra benefits are available to everyone who enrolls in the particular plan offering them. Some may only be extended to people with certain chronic illnesses or conditions — and even then, whether you qualify must be assessed by the plan once you’re enrolled. “You won’t know if you’re eligible for those supplemental benefits until you’re in the plan,” said David Lipschutz, associate director for the Center for Medicare Advocacy. “So don’t be lured in only by the bells and whistles.” More from Personal Finance:

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Earning income after 65? How to make it work for you If you pick an Advantage Plan during fall enrollment and realize afterward that it’s not a good fit, you can change your coverage between Jan. 1 and March 31 by switching to either another Advantage Plan or to original Medicare and a stand-alone prescription plan. Be aware that while you can change your mind about your coverage several times during the current open enrollment period, you can only make one change during the January-through-March window. The average premiums for Advantage Plans is forecast to be $23 next year, down from close to $27 in 2019. Yet this year, 56% of enrollees paid no premium, according to the Kaiser Family Foundation. Regardless of the amount, keep in mind that it’s in addition to your Part B premium. Although there’s been no official word yet on what that 2020 base amount will be, it’s projected to rise to $144.30 from $135.50 this year, according to the latest Medicare Trustees report. The deductible for Part A is forecast to increase to $1,420 from $1,364, and the deductible for Part B is projected to go to $197 from $185.

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Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: sarah obrien
Keywords: news, cnbc, companies, available, advantage, services, prescription, whats, plans, enrollment, coverage, watch, heres, plan, open, underway, medicare, users


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Netflix faces its final quarter of calm before the streaming wars begin

By the time it reports fourth-quarter earnings, both Disney+ and Apple+ will be selling streaming services. About 65% of all U.S. households still subscribe to some form of traditional TV, with an additional 29% paying for live TV streaming services, according to a Deloitte survey earlier this year. This could benefit Netflix, as people will be willing to spend a larger part of their former cable bill on subscription video services. The bear case for Netflix is that consumers will view new strea


By the time it reports fourth-quarter earnings, both Disney+ and Apple+ will be selling streaming services. About 65% of all U.S. households still subscribe to some form of traditional TV, with an additional 29% paying for live TV streaming services, according to a Deloitte survey earlier this year. This could benefit Netflix, as people will be willing to spend a larger part of their former cable bill on subscription video services. The bear case for Netflix is that consumers will view new strea
Netflix faces its final quarter of calm before the streaming wars begin Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: alex sherman
Keywords: news, cnbc, companies, traditional, video, wars, calm, million, faces, consumers, earnings, netflix, begin, services, quarter, streaming, final


Netflix faces its final quarter of calm before the streaming wars begin

This quarter is Netflix’s calm before the storm.

The streaming video giant will report its third-quarter earnings Wednesday for the last time before a slew of competitors debut services that could derail customer growth both in the U.S. and abroad.

Netflix estimates it will add 7 million new paid subscribers for the third quarter. By the time it reports fourth-quarter earnings, both Disney+ and Apple+ will be selling streaming services. By the spring of 2020, NBCUniversal’s Peacock and WarnerMedia’s HBO Max will also be in the market.

There are two schools of thought on how competition will affect Netflix. The bull case is the “rising tide lifts all boats” option: More streaming services will bolster Netflix’s growth by accelerating the transition from traditional bundled pay TV to streaming alternatives.

About 65% of all U.S. households still subscribe to some form of traditional TV, with an additional 29% paying for live TV streaming services, according to a Deloitte survey earlier this year. Deloitte found that the typical U.S. consumer subscribes to three streaming video services, with 43% of consumers also subscribing to a traditional bundled package of live channels.

As Apple+, Disney+, Peacock and HBO Max offer more video options to consumers, the transition away from traditional TV should speed up. This could benefit Netflix, as people will be willing to spend a larger part of their former cable bill on subscription video services.

The bear case for Netflix is that consumers will view new streaming options as replacements, rather than supplements, for Netflix. If consumers don’t cancel traditional TV and stick with an average of three additional streaming products, Netflix will now be vying not only with Amazon Prime Video and Hulu but a swath of other options.

Netflix’s stock has slumped more than 22% since it reported its last quarterly earnings on July 17. Netflix added just 2.7 million new net subscribers in the second quarter, well below its 5 million estimate. One quarterly miss may not be a big deal, but the company’s own reasoning behind the weak results could be ominous — that the “timing of the content slate,” in the words of vice president of finance Spencer Wang, played a role.

In other words, Netflix is not essential. Customers will churn off the service if the content isn’t strong enough. Netflix executives said they were optimistic that the third quarter will be better because the popular show “Stranger Things” returned with a new season.

In the new world of multiple well-funded streaming services, investors will have to decide: Is Netflix a household staple? Or is it an elastic offering that will see its customer base swing significantly from quarter to quarter based on what hit shows and movies come to the service?

Its share price will depend on the answer. We won’t find out this quarter. We’ll know a little more by the next one. We’ll know a lot more a year from now.

Disclosure: NBCUniversal is the parent company of CNBC.

Cramer: We gotta get Netflix the hell out of FAANG


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: alex sherman
Keywords: news, cnbc, companies, traditional, video, wars, calm, million, faces, consumers, earnings, netflix, begin, services, quarter, streaming, final


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Here are the biggest analyst calls of the day: Roku, Square, CrowdStrike & more

Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more


Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more
Here are the biggest analyst calls of the day: Roku, Square, CrowdStrike & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael bloom
Keywords: news, cnbc, companies, worth, biggest, square, figure, internet, crowdstrike, services, roku, google, free, wants, tothe, analyst, trying, fed, day, calls


Here are the biggest analyst calls of the day: Roku, Square, CrowdStrike & more

Would you give up Google for $17,000 a year? The Fed wants to…

The Fed is trying to figure out how much free internet services are worth to the economy.

Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael bloom
Keywords: news, cnbc, companies, worth, biggest, square, figure, internet, crowdstrike, services, roku, google, free, wants, tothe, analyst, trying, fed, day, calls


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Bernstein upgrades J&J, says valuation is ‘historically cheap’

Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more


Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more
Bernstein upgrades J&J, says valuation is ‘historically cheap’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: pippa stevens
Keywords: news, cnbc, companies, bernstein, worth, figure, internet, historically, valuation, services, google, free, wants, tothe, cheap, fed, trying, upgrades


Bernstein upgrades J&J, says valuation is 'historically cheap'

Would you give up Google for $17,000 a year? The Fed wants to…

The Fed is trying to figure out how much free internet services are worth to the economy.

Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: pippa stevens
Keywords: news, cnbc, companies, bernstein, worth, figure, internet, historically, valuation, services, google, free, wants, tothe, cheap, fed, trying, upgrades


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Roku shares upgraded by RBC’s Mahaney, who sees 30% rally ahead for the stock

Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more


Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more
Roku shares upgraded by RBC’s Mahaney, who sees 30% rally ahead for the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: john melloy
Keywords: news, cnbc, companies, worth, rbcs, ahead, mahaney, rally, figure, stock, internet, services, roku, google, free, sees, fed, wants, tothe, trying, shares, upgraded


Roku shares upgraded by RBC's Mahaney, who sees 30% rally ahead for the stock

Would you give up Google for $17,000 a year? The Fed wants to…

The Fed is trying to figure out how much free internet services are worth to the economy.

Economy

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Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: john melloy
Keywords: news, cnbc, companies, worth, rbcs, ahead, mahaney, rally, figure, stock, internet, services, roku, google, free, sees, fed, wants, tothe, trying, shares, upgraded


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Would you give up Google for $17,000 a year? The Federal Reserve wants to know

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the NABE annual meeting in Denver, Colorado, U.S., on Tuesday, Oct. 8, 2019. WASHINGTON — The Federal Reserve wants to know what the internet is worth to you. In a speech this week, Fed Chairman Jerome Powell raised the possibility that the problem is with the data itself. GDP measures the value of products and services that are bought and sold. “Good decisions require good data, but the data in hand are seldom as good as we woul


Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the NABE annual meeting in Denver, Colorado, U.S., on Tuesday, Oct. 8, 2019. WASHINGTON — The Federal Reserve wants to know what the internet is worth to you. In a speech this week, Fed Chairman Jerome Powell raised the possibility that the problem is with the data itself. GDP measures the value of products and services that are bought and sold. “Good decisions require good data, but the data in hand are seldom as good as we woul
Would you give up Google for $17,000 a year? The Federal Reserve wants to know Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: ylan mui
Keywords: news, cnbc, companies, 17000, economy, data, internet, valued, services, euros, google, federal, gdp, wants, powell, value, median, reserve, know


Would you give up Google for $17,000 a year? The Federal Reserve wants to know

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the NABE annual meeting in Denver, Colorado, U.S., on Tuesday, Oct. 8, 2019.

WASHINGTON — The Federal Reserve wants to know what the internet is worth to you.

The answer could help the central bank solve one of the most puzzling paradoxes of the modern economy: The current expansion is the longest in history, yet productivity gains are weak and GDP growth, while steady, is far from stellar.

In a speech this week, Fed Chairman Jerome Powell raised the possibility that the problem is with the data itself. GDP measures the value of products and services that are bought and sold. But many of the greatest technological innovations of the internet age are free. Search engines, e-mail, GPS, even Facebook — the official economic statistics are not designed to capture the benefits they generate for businesses and consumers.

“Good decisions require good data, but the data in hand are seldom as good as we would like,” Powell said.

Instead, Powell cited recent work by MIT economist Erik Brynjolfsson, one of the leading academics on the intersection of technology and the economy. In a paper with Avinash Collis of the National Bureau of Economic Research and Felix Eggers of the University of Groningen in the Netherlands, the authors conducted massive surveys to estimate the monetary value that users place on the tools of modern life.

The results? The median user would need about $48 to give up Facebook for one month. The median price of giving up video streaming services like YouTube for a year is $1,173. To stop using search engines, consumers would need a median $17,530, making it the most valuable digital service.

The authors also conducted more limited surveys with students in Europe on other popular platforms. One month of Snapchat was valued at about 2.17 euros. LinkedIn was just 1.52 euros. But giving up WhatsApp? That would require a whopping 536 euros. Twitter, however, was valued at zero euros.

“Over time, we’re spending more and more of our waking hours interacting with the internet or using those services on our mobile phones,” Brynjolfsson told CNBC. “A bigger share of our economy is being missed by GDP.”


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: ylan mui
Keywords: news, cnbc, companies, 17000, economy, data, internet, valued, services, euros, google, federal, gdp, wants, powell, value, median, reserve, know


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Here are the biggest analyst calls of the day: Roku, Square, CrowdStrike & more

Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more


Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more
Here are the biggest analyst calls of the day: Roku, Square, CrowdStrike & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael bloom
Keywords: news, cnbc, companies, worth, biggest, square, figure, internet, crowdstrike, services, roku, google, free, wants, tothe, analyst, trying, fed, day, calls


Here are the biggest analyst calls of the day: Roku, Square, CrowdStrike & more

Would you give up Google for $17,000 a year? The Fed wants to…

The Fed is trying to figure out how much free internet services are worth to the economy.

Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michael bloom
Keywords: news, cnbc, companies, worth, biggest, square, figure, internet, crowdstrike, services, roku, google, free, wants, tothe, analyst, trying, fed, day, calls


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Bernstein upgrades J&J, says valuation is ‘historically cheap’

Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more


Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more
Bernstein upgrades J&J, says valuation is ‘historically cheap’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: pippa stevens
Keywords: news, cnbc, companies, bernstein, worth, figure, internet, historically, valuation, services, google, free, wants, tothe, cheap, fed, trying, upgrades


Bernstein upgrades J&J, says valuation is 'historically cheap'

Would you give up Google for $17,000 a year? The Fed wants to…

The Fed is trying to figure out how much free internet services are worth to the economy.

Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: pippa stevens
Keywords: news, cnbc, companies, bernstein, worth, figure, internet, historically, valuation, services, google, free, wants, tothe, cheap, fed, trying, upgrades


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Roku shares upgraded by RBC’s Mahaney, who sees 30% rally ahead for the stock

Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more


Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more
Roku shares upgraded by RBC’s Mahaney, who sees 30% rally ahead for the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: john melloy
Keywords: news, cnbc, companies, worth, rbcs, ahead, mahaney, rally, figure, stock, internet, services, roku, google, free, sees, fed, wants, tothe, trying, shares, upgraded


Roku shares upgraded by RBC's Mahaney, who sees 30% rally ahead for the stock

Would you give up Google for $17,000 a year? The Fed wants to…

The Fed is trying to figure out how much free internet services are worth to the economy.

Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: john melloy
Keywords: news, cnbc, companies, worth, rbcs, ahead, mahaney, rally, figure, stock, internet, services, roku, google, free, sees, fed, wants, tothe, trying, shares, upgraded


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Man held after UK Manchester stabbings is arrested under terrorism law

Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more


Would you give up Google for $17,000 a year? The Fed wants to… The Fed is trying to figure out how much free internet services are worth to the economy. Economyread more
Man held after UK Manchester stabbings is arrested under terrorism law Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11
Keywords: news, cnbc, companies, worth, tothe, man, figure, internet, services, law, manchester, held, google, free, stabbings, arrested, terrorism, wants, fed, trying


Man held after UK Manchester stabbings is arrested under terrorism law

Would you give up Google for $17,000 a year? The Fed wants to…

The Fed is trying to figure out how much free internet services are worth to the economy.

Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-11
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