Navigation Links
Seniors Seek to Reduce Healthcare Costs as Anthem Blue Cross Increases Premiums
Date:3/20/2009

Anthem Blue Cross implemented an across-the-board increase in Californai Medicare supplement insurance plan premiums March 1, 2009, causing many California senior citizens to look for new ways to maximize healthcare dollars and minimize expenses.

Los Angeles, CA (PRWEB) March 20, 2009 -- Anthem Blue Cross implemented an across-the-board increase in California Medicare supplement insurance plan premiums March 1, 2009, causing many senior citizens to look for new ways to maximize healthcare dollars and minimize expenses.

Even for seniors not affected by the Anthem Blue Cross rate increase, in the current economy it could be beneficial to shop around, since costs vary between plans and insurance companies. Those 65 and older can compare rates, plans and benefits from several prominent insurance companies by visiting http://www.MedicareSupplementPlans.com, a Web site specializing in Medicare supplement insurance, also known as Medigap insurance.

The alternatives may be to call the various insurance companies one by one or to probe the yellow pages for a local health insurance broker, who may or may not have expertise with Medicare supplement insurance plans.

According to Sharon Davis, 67, of Rancho Palos Verdes, "I received a notification that my insurance was being increased again. I went on the Internet…and now I'm saving over $100 a month."

Still, there is no way to entirely avoid rising insurance rates. AARP and AETNA both increased their California Medicare supplement insurance plan premiums on Jan. 1, 2009, and depending on the plan, rates can go up at regular intervals as seniors get older.

In light of those rate increases, coupled with the recession, and as IRAs and 401(k) retirement accounts continue to dwindle in value, seniors may have even more motivation to cut costs. Additionally, as federal bailout and stimulus monies are released, some economists warn of possible increasing inflation rates, a concern for many on fixed incomes.

That raises the question: "If I'm trying to save money, why purchase a Medicare supplement insurance plan?" There is a common misconception that Medicare pays 80 percent of a senior's healthcare costs. What Medicare actually pays is 80 percent of the amount it has approved for a particular health care service, not 80 percent of what the doctor actually charges. Medicare's "80 percent" might, for example, cover only 50 percent of the doctor's bill, often making a Medicare supplement insurance plan essential for senior citizens' financial well-being.

Larry Peschek, 78, of Thousand Oaks indicated that his insurance broker, a representative at http://www.MedicareSupplementPlans.com, "helped my wife and me get a Medigap policy that saved us money, but still had the same benefits."

Available insurance options and plans can often be bewildering to seniors, leaving them to wonder what the difference in costs and benefits are between various Medicare supplement insurance plans. The information is out there; it's just a mouse-click away.

# # #

Read the full story at http://www.prweb.com/releases/2009/03/prweb2249924.htm.


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

Related medicine news :

1. New Survey: Top Lesson from Seniors About Economic Worries? Gratitude Trumps Fear
2. Many Seniors Not Selecting Lowest Cost Medicare Drug Plans
3. ALFA Calls for Co-Pay Equity for Home and Community Based Seniors
4. Free Seminars Offered to South Carolina Seniors with Diabetes and Other Chronic Illnesses
5. Free Seminars Offered to Arkansas Seniors with Diabetes and Other Chronic Illnesses
6. Free Seminars Offered to Texas Seniors with Diabetes and Other Chronic Illnesses
7. Seminars Offered to Missouri Seniors With Diabetes and Other Chronic Illnesses
8. Free Seminars Offered to Georgia Seniors with Diabetes and Other Chronic Illnesses
9. SilverCensus.com Names Consumer Affairs Advocate, Healthcare Experts to Provide Free Educational Support for Seniors
10. EyeCare America Offers No-Cost Medical Eye Care to Qualified Seniors In Support of National AMD Month - March 2009
11. Coalition to Protect Senior Care Praises Bipartisan House Effort to Protect Seniors Nursing Home Care, LTC Workforce
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/24/2017)... ... March 24, 2017 , ... Infectious disease ... hospitals in the United States, it’s a threat that is constantly changing and ... infection prevention and offers strategies for the healthcare community to help decrease the ...
(Date:3/24/2017)... ... 2017 , ... The Radiology Business Management Association (RBMA) has named ... in their 12th year, are among the most prestigious in radiology marketing because a ... were retooled to recognize achievements in both large budget (over $5,000) and small budget ...
(Date:3/24/2017)... , ... March 24, 2017 , ... Texas Physical ... can be found at 9618 Huebner Road. The clinic is the group’s 7th location ... Director, and Dr. Ali Higgins, PT, will provide care from the clinic, which opened ...
(Date:3/24/2017)... ... March 24, 2017 , ... Mlynarek ... services to families and business owners across eastern Michigan, is connecting with the ... struggling with financial difficulties. , The Oxford/Orion FISH Food Pantry works to ensure ...
(Date:3/24/2017)... Diego, Calif. (PRWEB) , ... March 24, 2017 ... ... has raised over $100,000 for its innovative EcoQube Frame vertical micro-veggies garden on ... the instant demand for the product – with nearly 2,000 consumers (and counting) ...
Breaking Medicine News(10 mins):
(Date:3/24/2017)... -- GenomeDx Biosciences today announced that six abstracts featuring Decipher ... Classifier tests will be presented at the 32 nd ... March 24 to 28, 2017 in London, ... Europe,s largest urological event showcasing the ... The abstract titled "Muscle invasive bladder cancer: ...
(Date:3/24/2017)... and GENEVA , March ... on World Tuberculosis Day revitalizes efforts to develop sutezolid ... On World Tuberculosis Day, TB Alliance and the ... the clinical development of sutezolid, an antibiotic drug candidate ... pertains to the development of sutezolid in combination with ...
(Date:3/23/2017)... Research and Markets has announced the addition of the ... By Technique, Repair Procedure By Technique, By Region, By Country (2016-2021)" ... ... grow at a CAGR of 13.35% during 2016-2021 The ... population, growth in population with heart disease and rising advances in ...
Breaking Medicine Technology: