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:12/10/2016)... ... , ... When faced with having to use a toilet away from home ... body, and contamination of children when they use public toilets. This inspired her to ... people face. , The patent-pending SANI-POCKET enables a person to use a public toilet ...
(Date:12/9/2016)... ... December 09, 2016 , ... ... from offices in Pasco and Richland, is initiating a charity drive to support ... resulting from a recent automobile collision. , On October 29th of this ...
(Date:12/9/2016)... ... December 09, 2016 , ... Flottman Company ... outserts. As a means of expanding capabilities Flottman has added a G&K ... individually code professional inserts (PIs) and patient package inserts (PPIs) that will marry ...
(Date:12/9/2016)... ... December 09, 2016 , ... The Justin Veatch Fund announced ... is recommending the film Whispering Spirits and its discussion guide for use ... an education tool in the war against teen drug abuse. NCADD is the ...
(Date:12/9/2016)... ... 2016 , ... An inventor from Cana, Va., wanted to fulfill the need ... park rides. , The patent-pending SAFETY STRAP FOR AMPUTEES improves accessibility. It eliminates discrimination. ... set up in a matter of minutes, or even seconds. The SAFETY STRAP FOR ...
Breaking Medicine News(10 mins):
(Date:12/9/2016)... HARRISBURG, Pa. , Dec. 9, 2016 ... today announced temporary regulations for medical marijuana dispensaries under ... The Pennsylvania Bulletin , and are now available ... what is needed in the plan for operation; process ... the dispensary; as well as where the dispensary facilities ...
(Date:12/8/2016)... 2016 Australia Glaucoma Surgery Devices Market ... report, "Australia Glaucoma Surgery Devices Market Outlook to ... Glaucoma Surgery Devices market. The report provides value, ... and average prices (USD) within market segement - ... company shares and distribution shares data for each ...
(Date:12/8/2016)... , Dec. 8, 2016 KEY FINDINGS ... the largest share of the market in 2016 and ... dominance can be attributed to a large number of ... (US hold the largest share in the patient temperature ... benefits such as reducing loss of blood during surgeries, ...
Breaking Medicine Technology: