Medicare Supplement Plans are being purchased by droves of Seniors who are turning 65 and enrolling in Medicare for the first time. This is mostly due to the great financial health of the companies offering these policies, fabulous customer service, and affordable Medicare Supplement Plan prices. While many different companies offer the same exact Medicare supplement plans and benefits, many people appreciate quality and know the strong brand name strong companies. Aetna Medicare supplement plans are highly desirable because Aetna has an “A” rating by A.M. Best, which is a well known rating agency. This is a fine demonstration of financial health and all but ensures Aetna will be providing great service for years to come. Aetna has a strong brand and many seniors have had an Aetna health insurance policy at some point throughout their career and are familiar with the company. In addition, most doctors like working with Aetna as they are a top rated company with great medical provider support. One of the most important factors to consider when purchasing a Medicare Supplement Plan is the customer service provided by the insurance company. Aetna Medicare supplement plans have
If you are just turning 65 and enrolling in Medicare for the first time, make sure you compare Medicare Supplement Plans, insurance companies, and other options before making a purchase. Knowing where to get this information and which resources can be most helpful will significantly reduce the time and stress associated with this process. Saving money while still receiving excellent coverage is the goal, but there are a few pitfalls you will want to avoid.
Medicare Supplement Plans are standardized by the Center for Medicare Services, which means every insurance company offers the same plans with the same benefits. They cannot change the benefits, nor can they add additional benefits. Keeping this in mind, it is important to figure out which plan will suit you best considering your health conditions and finances. Some plans are more comprehensive in nature, while others can be more affordable if you are in very good health.
Medicare Supplement Plan F is the most popular plan available and is also the most comprehensive. This plan covers all deductibles as well as the 20% coinsurance original Medicare does not pay. In addition, this plan has a foreign travel benefit and covers Part B excess
Its fair to say that many seniors are creatures of habit. After all, weve had some time to figure out how we like to do things and to, as they say, get stuck in our ways. Unfortunately, a number of American seniors allow this way of life to carry over into the ways they handle their Medicare, Medigap, and overall healthcare coverage. In this case, those habits must be broken.
The Open Enrollment period for Medicare Part D ends on December 7th. In the past, seniors have had until December 31st to take advantage of this annual chance to re-evaluate current plans, compare alternative options, and make changes to their Medicare coverage if necessary.
Its safe to assume that a number of seniors in the U.S. are unaware of the date changes. This isnt necessarily dues to us being stuck in our ways, but more the result of the fact that there has been so much talk about potential changes to Medicare and the future of healthcare in America that its gotten difficult to keep everything straight. However, its imperative that seniors act before the end of Open Enrollment.
The Donut Hole: A Medicare Part D Case Study
All of the interviewed insurance agents agreed that the first qualifier of a Medicare Advantage plans prospect is price. A seasoned Medicare advisor said Basically, Medicare recipients have the option of choosing Medicare Advantage plans or a Medicare Supplement. Both plans are administered by an insurance company but a Medicare Supplement fills in the gaps for services not covered by Original Medicare and a Medicare Advantage plan replaces Original Medicare with a better plan. Many of the MA plans have no monthly premium and include prescription drugs while Medicare Supplement costs will start around $150 per month and up depending on age and sometimes underwriting, and you must buy a standalone Rx plan starting at $35 per month. The monthly premium, though, is not the only thing to look at when considering price, as you will discover.
The health of the prospect is the next critical step in determining whether or not Medicare Advantage plans is the right direction to go. If the recipient is not healthy and will expect to make frequent trips to the hospital or specialist, or will require frequent testing, they should consider a Medicare Supplement. In a typical MA plan a co-pay is charged for
The seemingly endless paper work and the grindingly slow inefficiency of the government’s processing system can make Medicaid application appear to be a daunting, if not impossible, task. Add to that the fact that many state and local offices often fail to uphold the federally mandated guidelines, fail to file paperwork on time and in completion, and make errors in rendering dispositions on applications, and the applicant should take heed to be as well-prepared to ensure the success of his/her application for assistance as possible. Following are some issues that should be addressed before and during filing to ensure that your application for Medicaid is handled with success and not met with unnecessary delays or denials.
1.) Know what you want and what you can get – With many different Medicaid assistance programs available, the applicant should be well-versed in which programs he might be in need of or qualify for. Some programs focus on individuals with various physical needs or ailments, such as Alzheimer’s Disease. Still other programs have strict income and asset limitation requirements. How much you make and/or how much you own can affect your eligibility status for these programs. Applying for the right program or programs
A federal budget deal scheduled to begin taking effect on January 1st will cut Medicare spending by 2%. This budget cut is a part of the 2011 Budget Control Act that is attempting to reduce government spending by $2.1 trillion over the next ten years. The Medicare cuts are a part of what is called the budget sequester. While this may not seem like a large percentage, the effects would be huge and nursing jobs across the country.
If this mandate takes effect, almost 500,000 jobs in the healthcare field could be lost by next year. California alone is predicted to lose more than 78,000 jobs by 2021. A good 50,000 of all jobs lost would be by physicians, dentists and other practitioner offices. The American Hospital Association in conjunction with the American Medical Association and the American Nurses Association, report that this sequester is expected to cause as many as 766,000 health care and health-related jobs to become extinct by 2021.
Nursing homes will also be taking a hit. Many states will be facing extremely high Medicare cuts to skilled nursing facilities. Florida will stand to lose $66 million, Ohio will be reduced by $37.3 million, and Pennsylvania could