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:5/24/2017)... Linda, Ca (PRWEB) , ... May 24, 2017 ... ... between effects and background. Understanind and choosing the most appropriate instruments for research ... prove critical in research finding. This webinar will focus on innovations in stereo ...
(Date:5/24/2017)... ... 2017 , ... Altec Products, Inc., a leader in enterprise document ... technology conference in San Diego, CA. , At nVerge 2017, Altec will be ... and enhance their Sage ERP solutions by providing improved visibility and control to the ...
(Date:5/24/2017)... ... May 24, 2017 , ... ... Bayside, NY, who have now spent 10 years as clinical instructors for the ... (NYU) College of Dentistry. Through the program, private practitioners receive cutting-edge clinical training ...
(Date:5/24/2017)... , ... May 24, 2017 , ... Patients who want ... OH, can now meet with Dr. Joseph Bedich for a consultation, with or without ... improving their oral health and functionality. , Dr. Bedich offers a variety ...
(Date:5/24/2017)... Mississippi (PRWEB) , ... May 24, 2017 , ... Myers ... is his has the ability to sell luxury homes anywhere on the planet. The ... the county side from Hattiesburg to Houston city-scapes. A quick search of “11 Spyglass ...
Breaking Medicine News(10 mins):
(Date:5/4/2017)... MONTREAL , May 4, 2017  Fortuna Fix Inc. (" ... aiming to be the first to eliminate the need for ... autologous cells to treat neurodegenerative diseases. Fortuna ... ("SAB") with Professor Michael Fehlings , MD, PhD; Father ... Hack , MD, MPH; and Professor James Giordano , ...
(Date:5/4/2017)... , May 4, 2017  DarioHealth Corp. (NASDAQ: DRIO), ... and big data solutions, today announced that it is ... and STI Technologies Limited to lower diabetes healthcare costs ... STI,s innoviCares card, which is available throughout all provinces ... customers will be eligible for additional savings when shopping ...
(Date:5/3/2017)... 3, 2017  Kalorama Information notes that transplant ... next year and this is projected to continue ... cell (HSCT) or bone marrow transplants require histocompatibility ... well-suited for this task. This according to a ... Information. The various PCR-based methodologies, Sanger sequencing and ...
Breaking Medicine Technology: