Navigation Links
Medigap Plans in Illinois to Benefit From Medicare Advantage Reimbursement Cuts
Date:7/28/2009

NASHVILLE, Tenn., July 28 /PRNewswire/ -- HealthLeaders-InterStudy, a leading provider of managed care market intelligence, reports that planned cuts to Medicare Advantage reimbursement will benefit organizations offering Medicare supplement plans in Illinois. According to the recent Illinois Health Plan Analysis, the shift from Medicare Advantage to Medicare supplement plans, also known as Medigap plans, will likely benefit Blue Cross Blue Shield of Illinois, the state's top Medigap insurer.

Medicare Advantage plans have traditionally not been strong in the Illinois market because of the state's generous retirement benefit culture. In June 2009, the penetration rate for Medicare Advantage in Illinois was 10 percent, well below the national average of 24 percent. However, in recent years, companies such as HealthSpring entered the state with Medicare Advantage plans that offered many of the same benefits as Medicare supplement policies at a lower price, prompting growth in the state's Medicare Advantage market. However, with reimbursement cuts planned for Medicare Advantage plans in 2010, recent growth in Illinois may be stalled.

"Traditionally, Illinois has not had a high Medicare Advantage reimbursement rate, and now planned cuts will mean reimbursement for Medicare Advantage will be reduced even further. With decreased federal funding, Medicare Advantage plans in Illinois will need to reduce benefits or increase premiums," said Paula Wade, assistant director, Health Plan Analysis. "Current Medicare Advantage members may shift to Medicare supplement policies, which will be attractive because of their stability and cost relative to Medicare Advantage plans. As the largest Medicare supplement policy writer in the state, Blue Cross Blue Shield of Illinois stands to benefit from this shift, particularly because it offers guaranteed issue at all ages."

Why Pharmaceutical Companies Need Health Plan Analysis

Health Plan Analysis identifies key health plan trends, allowing pharmaceutical companies to create comprehensive strategic plans and sales strategies at state and local levels. Updated quarterly, Health Plan Analysis provides a detailed look at plan design and financials, as well as information about mergers, legislation and other influencers driving healthcare in a particular region.

About HealthLeaders-InterStudy

HealthLeaders-InterStudy, a Decision Resources, Inc. company, is the authoritative source for managed care data, analysis and news. For more information, please visit www.HL-ISY.com.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at www.DecisionResourcesInc.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.


'/>"/>
SOURCE HealthLeaders-InterStudy
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Switching to MA Coverage Unlikely for Current Beneficiaries With MediGap or Medicare Only
2. New AHIP Study in Health Affairs Challenges Previous Assumptions About Medigaps Impact on Medicare Costs
3. AHIP: Low-Income and Rural Seniors Depend on Medigap Supplemental Coverage
4. MediGap Advisors Announces Open Enrollment for Medicare Supplement Plans
5. Nearly 9 in 10 Seniors Satisfied With Medigap
6. Health Plans Increase Use of Health Incentives
7. Area Health Care Providers Announce Plans to Integrate Services
8. EDAP Launches Enhanced Communication Plans at SIU Paris Congress
9. National Survey Shows Employee Fears About Consumer-Driven Health Plans on Decline
10. Precedent Launches Revolutionary Individual Health Insurance Plans in Texas
11. AMERIGROUP Contracts with Federal Government to Offer Medicare Advantage Health Plans in Seven States
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/24/2017)... ... March 24, 2017 , ... Vighter established its NAEMT Authorized ... providing Prehospital Trauma Life Support (PHTLS) course scholarships to four medics assigned to ... developed in cooperation with the American College of Surgeons to promote critical thinking ...
(Date:3/24/2017)... VA (PRWEB) , ... March 24, 2017 , ... The ... 2017 Quest Awards . The annual awards, now in their 12th year, are ... peers selects the winners. , In 2016, the awards were retooled to recognize achievements ...
(Date:3/24/2017)... Lake Orion, MI (PRWEB) , ... March 24, ... ... providing insurance assistance, financial planning, and related services to families and business owners ... charity initiative aimed at feeding regional families struggling with financial difficulties. , The ...
(Date:3/24/2017)... ... March 24, 2017 , ... ... they are now offering treatments for sleep apnea and TMJ at their office. ... Sleep apnea , specifically the obstructive type, is increasingly being treated at dental ...
(Date:3/24/2017)... Miami, FL (PRWEB) , ... March 24, 2017 ... ... HyGIeaCare Inc. ( http://www.hygieacare.com ) announced their partnership to prep patients for colonoscopy ... Health Endoscopy Centers in 87th Ave., Miami, FL. , The ...
Breaking Medicine News(10 mins):
(Date:3/23/2017)... , March 23, 2017  Transportation Insight, a ... an end-to-end supply chain management firm with expertise serving ... Product Solutions Rick Zaffarano was named a ... the Supply Chain by the only publication exclusively dedicated ... food supply chain. "Rick has brought to ...
(Date:3/23/2017)... March 23, 2017 As a result ... with the prevalence of allergic diseases, cutting edge ... currently revolutionising the ways in which pharmaceutical and ... 2017 promises to be both a high quality ... allergy interest groups, immunologists, research scholars and doctors. ...
(Date:3/23/2017)... 23, 2017   BioSpace , the leading biotechnology ... with Indiana Biosciences Research Institute and over ... educational institutions to bring the state,s life sciences industry ... map, an artistic representation of the region,s booming biotechnology ... Vice President Mike Pence , a long-time advocate ...
Breaking Medicine Technology: