Navigation Links
Seniors Seek to Reduce Healthcare Costs as Premiums Increase Says MedicareSupplementPlans.com
Date:5/27/2009

Many seniors are analyzing and reducing their healthcare and insurance expenses during a hard-hitting economy.

(Vocus) May 27, 2009 -- Health Net implemented an across-the-board increase in California Medicare supplement insurance plan premiums July 1, 2009, causing many senior citizens to look for new ways to maximize healthcare dollars and minimize expenses says MedicareSupplementPlans.com.

Even for seniors not affected by the Health Net 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 websites specializing in Medicare supplement insurance, by calling 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 $30 a month.”

Still, there is no way to entirely avoid rising insurance rates. AARP, Anthem Blue Cross and Aetna increased their California Medicare supplement insurance plan premiums earlier this year, 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 MedicareSupplementPlans.com, “helped my wife and me get a Medigap policy that saved us money, but still had the same benefits.”

Additional information is available by calling Medicare at 1-800-633-4227.

###

Read the full story at http://www.prweb.com/releases/MedicareSupplementPlans/05-27-09/prweb2457834.htm.


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

Related medicine news :

1. Senseless Budget Cuts Will Gut Californias Cost Efficient Home Care Program and Force Seniors and People with Disabilities Out of Their Homes and into Institutions
2. A Bright Spot - Financial Help for Seniors
3. Video: CVS/pharmacy and National Council on Aging Help Seniors Get the Cost-Saving Benefits they Need
4. The National Council on Aging and CVS/pharmacy Educate Georgia Seniors about Medication Management and Ways to Save Money on Prescription Drugs
5. Seniors Often Misstate Stroke History
6. Seniors Who Volunteer May Live Longer
7. New Guidelines Recommend Opioids for Seniors Pain
8. Seniors Cope With Sleep Loss Better Than Young Adults
9. Mealtime interaction encourages hospitalized seniors to eat more
10. National Advisory Board Issues Declaration for Independence: A Call-to-Action in Healthcare for Seniors and People with Disabilities
11. Medical Director of Renowned Los Angeles Jewish Home Offers Advice to Seniors on Avoiding Swine Flu
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2016)... ... ... Sterling Global Products is launching a Kickstarter campaign focused on “PAW Patrol ... campaign kick-off video is located via this link https://youtu.be/WsO4qz2odco . The campaign will ... raise $1,000 per day for a total of $25,000. The funds will be used ...
(Date:5/24/2016)... ... May 24, 2016 , ... Fire ... to provide one resource, from start to finish, for Life Safety compliance. ... of Condition surveys requested by the Joint Commission, and fire stopping reviews, inspections, ...
(Date:5/24/2016)... ... May 24, 2016 , ... ... is pleased to welcome new Partner Firm Austin & Co., Inc. Headquartered ... to insurance, employee benefits, HR consulting, benefits technology, and beyond. As an ...
(Date:5/24/2016)... VA (PRWEB) , ... May 24, 2016 , ... How ... 2016 · Raleigh, NC, http://www.fdanews.com/humanerrordrugdevice , Human error is known to be ... unlikely that human error will ever be totally eliminated, many human performance problems can ...
(Date:5/24/2016)... ... (PRWEB) May 24, 2016 -- ... of its Advisory Board. Joining the Grow Healthy Advisory Board ... of them embody the mission of our organization and bring talent, ... have them as we continue to expand our footprint as the ...
Breaking Medicine News(10 mins):
(Date:5/24/2016)... May 24, 2016 ... , la première endoprothèse à double ... à l,intervention portant sur les membres inférieurs ... OrbusNeich, entreprise mondiale spécialisée dans la ... la vie, a élargi son portefeuille pour ...
(Date:5/23/2016)... , May 23, 2016 ... Handling Equipment Market by Product (Wheelchair, Scooters, Medical ... (Bariatric Care, Critical Care, Wound), Accessories (Lifting, Transfer) ... to 2021", published by MarketsandMarkets, the patient handling ... Billion by 2021 at a CAGR of 10.5% ...
(Date:5/23/2016)... 23, 2016 According to ... Development, Growth and Demand Forecast to 2022 - ... by Application (Drug Discovery and Development, Proteomics, Clinical ... Life Science and Biotechnology, Academic and Research Institute, ... the global mass spectrometry market was ...
Breaking Medicine Technology: