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:6/25/2016)... ... 2016 , ... Conventional wisdom preaches the benefits of moderation, whether it’s a ... the bar too high can result in disappointment, perhaps even self-loathing. However, those who ... , Research from PsychTests.com reveals that behind the tendency to set ...
(Date:6/24/2016)... ... 2016 , ... June 19, 2016 is World Sickle Cell Observance Day. In ... benefits of holistic treatments, Serenity Recovery Center of Marne, Michigan, has issued ... Sickle Cell Disease (SCD) is a disorder of the red blood cells, which can ...
(Date:6/24/2016)... ... ... Global law firm Greenberg Traurig, P.A. announced that 20 Florida attorneys are recognized ... this recognition are considered among the top 2 percent of lawyers practicing within the ... this year’s Legal Elite Hall of Fame: Miami Shareholders Mark D. Bloom, Burt ...
(Date:6/24/2016)... ... 24, 2016 , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join ... wage raise to $12 an hour by 2020 and then adjusting it yearly to increase ... of the minimum wage, assure the wage floor does not erode again, and make future ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... is proud to recognize Dr. Barry M. Weintraub as a prominent plastic surgeon ... beautiful women in the world, and the most handsome men, look naturally attractive. ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... , June 27, 2016 Jazz Pharmaceuticals ... waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of ... acquisition of Celator Pharmaceuticals, Inc. ("Celator"; Nasdaq: ... p.m. (Eastern Daylight Time). As previously announced ... into a definitive merger agreement under which Jazz Pharmaceuticals ...
(Date:6/24/2016)... SOUTH SAN FRANCISCO, Calif. , June 24, ... GBT ), a biopharmaceutical company developing novel ... with significant unmet needs, today announced the closing ... 6,400,000 shares of common stock, at the public ... the shares in the offering were offered by ...
(Date:6/24/2016)... June 24, 2016 Dehaier Medical Systems Ltd. ... which develops, markets and sells medical devices and wearable ... signed a strategic cooperation agreement with Hongyuan Supply Chain ... Chain") on June 20, 2016, to develop Dehaier,s new ... cooperation agreement, Dehaier will leverage Hongyuan Supply Chain,s sales ...
Breaking Medicine Technology: