Seniors, if you have a Medicare Advantage plan, are you aware?
My insurance agent was here today and our Medicare Advantage plot will no longer be sold as of Jan. 1 so my husband and I will need to take a Medicare supplemental instead, which costs $65 a month more than our advantage plot. As to the why…..Primarily the Obama plot. Even if the current proposed health plot does not get passed, the companies that have carried the advantage plans will have their subsidies eliminated. As of 2012, all of these plans will stop to exist…if not before.
I hope that all of you are aware of the upcoming change so you can prepare for it.
What is your opinion of Obamas proposed plot….and have you called or written to your congressman??
You will lona. Medicare figures how much they normally would spend per person and they pay that plus 14% handling and claims service in addition to that. Not sure if it comes to $600 or not. But, I can assure you Medicare does not pay as much to docs or hospitals as does advantage.
In case you are not aware of it, Medicare DOES NOT pay 80% while these advantage plans pay 20%. The advantage plans pay all of it. My expenses this year will exceed $70,000 and my advantage plot has paid every dime without a whimper.
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Tags: Advantage, advantage plan, aware, congressman, docs, health plan, hospitals, insurance, insurance agent, medicare, medicare supplemental, Plan, proposed health, seniors, subsidies, whimper
I’m sorry Poohcat, you have it incorrect. So many seniors do not know that their medicare advantage program is NOT coming from medicare. You have waived your rights to medicare and assigned your premium contribution to a private insurance company: Aetna, Mutualof Omaha, Kaiser, etc… these plans are NOT administered by the federal government. They get government money because they have contracted with the Feds to provide you coverage. They make their money (they are for-profit insurance companies for the vast majority) by denying you some of the benefits you would normally get from medicare. These private plans are cutting seniors benefits because there is not enough profit any longer.
I know right now you are mad at reading this and feeling very certain that I dont know what I am talking about. I am including links. If your private insurance company has discontinued their medicare contract with the federal government, it is because the company has been cited for incorrect doing, or the company has chose there is not enough profit in you. It has nothing to do with the President of the United States and legislation that doesnt exist yet.
Providing you with private health coverage is costing taxpayers 14% more than if you went with traditional medicare. These subsidies with taxpayer money have NOT been discontinued. See the final link. Your agent lied to you.
the 3rd link below is from the Heritage Foundation, an extreme right wing, ultra conservative, Republican group. In the link you will see they say that Medicare Advantage is private companies that are paid for your coverage with public money.
a few years ago I question where my addition to Medicare got it’s money as the program is free to me. They told me that the govt. paid them $600.00 per month for each person they signed up. They then are my primary and Medicare is secondary. I find this part confusing as I thought Medicare , which I pay 90+ per month for, was my primary.
I have not heard of any dropping of me as yet.
edit; The cost goes according to counties and I get money back ( $8.00 month from medicare) with the plot I have ( care 1st which is my advantage plot) . some in Oregon have to pay 65 /month for the supplimental. It all depends.
Obama can’t as yet say what his plot is and congress doesn’t want any one of us small people to know before it’s passed. I have not call or written as yet.
The first answer is right. The changes occurring now to Medicare Advantage Plans are those enacted by the previous administration. They have nothing to do with the Obama-Biden Health Care Reform Act.
Changes in Medicare Supplement Plans Coming in 2010
http://www.ezinearticles.com/?Changes-in-Medicare-Supplement-Plans-Coming-in-2010&id=2521040
It would reaslly help if you guys woudn’t lie to scare ancient people. That’s how Fox News makes its money unfortunately.
The insurance companies are very nervous. They make billions off the health of the country. It makes me sick just to reckon about it. We need a one payer system and place all these slime balls out of business. Medicare should pay the whole bill and cut the supplemental out of business. Why should they get as much as we pay for medicare so they can pay the 20% medicare doesn’t pay. Medicare isn’t free we have it taken out of our check every month. Fantastic country if you’re rich or after the government has taken everything you took a lifetime to get.