Navigation Links
Medicare Agency Announces Decreased Payments to Medicare Advantage Insurers in 2010, Says MedicareSupplementPlans.com
Date:7/22/2009

The Centers for Medicare and Medicaid Services announced cuts in payments to Medicare Advantage insurers of as much as 4.5 percent by the year 2010. The additional costs could be passed along to seniors, says MedicareSupplementPlans.com.

Los Angeles, CA (Vocus) July 22, 2009 -- In a move that will likely increase costs to seniors for their Medicare Advantage health insurance plans, in April the federal government announced a decrease in the rates it will use to figure Medicare Advantage reimbursements to insurers. The Centers for Medicare and Medicaid Services (CMS), the federal agency that administers Medicare and Medicaid, expects those payments to fall by 4 to 4.5 percent next year.

This raises concerns for seniors regarding how the lower rate will affect their private health insurance plans, since lower reimbursements could impact earnings for private insurers and cause them to pass along costs to those they insure. The overall impact could be higher premiums with fewer benefits for those enrolled in a Medicare Advantage plan.

Alan Weinstock, an insurance broker at www.MedicareSupplementPlans.com, recognizes the need for seniors to find the best health care coverage available: "Understanding the differences between Medicare Advantage and Medicare supplement plans, also known as Medigap insurance, is important. It's important to help seniors evaluate their needs by comparing the rates and plans of several well-known insurance companies."

That's exactly what Ira Polak, 70, of Chatsworth, Calif., discovered when he contacted Weinstock. "I especially appreciated his showing my wife and me the plan he felt was best, and not the most expensive."

With Medicare supplement insurance seniors choose their own doctors and hospitals with no referrals for specialists. While there is a monthly premium for Medigap policies, Medicare covers as much as 80 percent of a senior's health care costs and the Medigap plan covers (or supplements) the rest.

With a Medicare Advantage plan seniors typically pay no (or a very low) premium, but the plan becomes the primary insurance. These plans have traditionally required members to see only doctors within a specific network.

Weinstock believes it's important that those 65 and older educate themselves about the various plans available before making a decision and that contacting the brokers at www.MedicareSupplementPlans.com will provide seniors with the insurance information they need.

# # #

Read the full story at http://www.prweb.com/releases/MedicareSupplementPlans/7-22-09/prweb2656764.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. GAO Report Confirms: Medicare Underpays for Anesthesia Services; Nurse Anesthetists Assure Seniors Access to Safe Anesthesia Care
2. Texas Supreme Court Rules Against Medicare HMOs in Hospital Reimbursement Fight
3. Owner and Operator of Florida Durable Medical Equipment Company Convicted of Medicare Fraud
4. Just Completed Studies Reveal Impact of New Medicare Reimbursement Regulations
5. AHCA: Rescinding $2.7 Billion Medicare Cuts Top Issue for Fall Legislative Agenda
6. University of Texas Study Details Lengthy Payment Delays for Medicare Part D Prescription Drug Claims, Confirming Need for Legislative Fix
7. Medicare Spending Caps Cause Seniors to Stop Meds
8. Medicare Prescription Drug Benefit, Nonprofit Hospitals, Ambulatory Surgery Centers, Statistical Methods, and Pay-For-Performance Highlighted In the Latest INQUIRY Journal
9. Medicare Every Diabetic Counts Project Gears Up for Kick-Off
10. Medicare Cuts to Physicians Will Harm Washington Seniors
11. More than 10,000 Medicare Patients in Montana Could Be Hit by Proposed Cuts to Home Oxygen Therapy; Access to Power Wheelchairs Would Also Decrease
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/21/2017)... ... February 21, 2017 , ... Hanna Boys Center ... will be the keynote speaker at its second Professional Networking Breakfast on March ... which develops comprehensive strategies to create and expand opportunities for boys and young ...
(Date:2/21/2017)... ... , ... As recently as 2015, rhinoplasty was one of the Top 5 ... Some patients want to make a change in the appearance of their nose while ... The team at usrhinoplasty.org is expanding its article database to better inform ...
(Date:2/21/2017)... ... 2017 , ... Ray Insurance Agencies, a Dallas area firm providing asset protection ... on a six month charity event aimed at raising local support and donations that ... of the deadliest diseases in America; more than 7.5 million people die from cancer ...
(Date:2/21/2017)... ... February 21, 2017 , ... American Veterinarian™, ... medicine, will be launching its first bi-monthly issue of 2017 in February. The ... practice management, and One Health. , In making the announcement, American Veterinarian™ ...
(Date:2/21/2017)... Michigan (PRWEB) , ... February 21, 2017 , ... ... to the United States during Black History Month (officially African American History ... to many fields of American society of a diverse race of people, but ...
Breaking Medicine News(10 mins):
(Date:2/21/2017)... , Feb. 21, 2017 Research and Markets ... Devices - Global Strategic Business Report" report to their offering. ... The report provides separate comprehensive ... , Europe , Asia-Pacific , ... and forecasts are provided for the period 2015 through 2022. Also, a ...
(Date:2/21/2017)... Research and Markets has announced the addition of the ... their offering. ... research Uterine cancer Drugs Price Analysis and Strategies - 2016, provides drug ... The research answers the following questions: What are ... are they positioned in the Global Uterine cancer market? ...
(Date:2/20/2017)... Feb. 20, 2017   MedPlast, Inc. , ... industry, announced today that it has signed a ... Device Manufacturing Services business.   The acquisition broadens MedPlast,s ... a leading services provider to the world,s largest ... further expand the company,s capabilities in assembly and ...
Breaking Medicine Technology: