Rescue Medicare Now – Help Stop Changes to Medicare and Medigap Plans

Dear Valued Clients and Seasoned Citizens:

I wanted to let you know that I’ve joined an organization that is very involved in getting the word out about various policy changes to Medicare that are being discussed as part of budget talks.

These are going to come up again in 2014, and I think it’s imperative that we all assist in making people aware of the possibilities and implications. These changes have been discussed (and proposed in the past) by Congressional members and leaders on both sides of the aisle. You can choose to get involved by contacting your Congressional representative.

I’ve inserted a video below. If you can, do watch it – it is 7 minutes long, but it does talk about some of the ideas that have been discussed and their possible implications. Most of them are directed at consumers “over utilizing” services because they “have good insurance”. This is not actually based in fact and has been disproven by several independent reports over the last few years. In reality, Medigap (Medicare Supplement) plans don’t drive “over utilization” since they do not pay until Medicare approves a service. In other words, Medicare dictates whether it is “medically necessary” and whether the Medigap plan will pay.

This video gives a good overview of what may be proposed – it’s been talked about in previous years with little traction, but many think there will be a greater “push” for changes this year. This would fundamentally change Medicare and Medigap plans.

If you are interested in doing something to make your thoughts known, one thing you can do is sign the petition at: http://rescuemedicarenow.com/petition.

Also, I would suggest that you can call your Congressional representatives as well. See: http://www.ahipcoverage.com/contact-congress/

I am sending this message to all my clients – not as a way to generate fear or false concern – but simply to make you aware of something that has been discussed and may be a part of upcoming budget talks. Feel free to share this information with friends or families – the more we can get this in the “open” the better. Regardless of what happens, if anything, I think we can all agree that the discussions and decisions need to involve the stakeholders who have a vested interest in Medicare and Medigap insurance – you, me and the millions of other seasoned citizens that rely on this valuable coverage.

Thank you for taking the time to read this and please do not hesitate to contact me at any time that you have questions. Email me here.

Effects of “Obamacare” on Medicare & Medicare Supplements

“Obamacare”, or the PPACA, was signed into law in March 2010. Many of its provisions have been slowly becoming integrated into our health care system. And, in 2014, many of the individual health provisions take effect. For people on Medicare, many are wondering how “Obamacare” will affect them. As a Medicare Supplement brokerage, this is a question we receive almost daily.

If you have Medicare, regardless of what type of supplement coverage you also have (if any), you will be affected by the PPACA. First of all, there have been some relatively significant changes to how the “donut hole” is administered on Part D (Rx coverage). If you have not “felt” these changes yet, it is because they are being rolled out little-by-little over the next few years, culminating in 2020.

On Medicare itself, although there were many significant changes discussed, the coverage on Parts A and B (hospital and doctor’s office, respectively) were not overhauled or changed in prolific ways. Some things were changed, however. These include more preventive care being covered (i.e. wellness checks) and more protection against fraud and abuse of the system.

Now, as you no doubt know, this legislation did not come without a price tag. Some of the PPACA was paid for through reductions in funding to privatized Medicare plans called Medicare Advantage. These plans, although they still exist, may experience reduced funding and thereby not be able to deliver benefits that are as “rich” as they have been in the past.

For Medicare Supplement policyholders, the changes are non-existent to your current policy. Nothing changes about your plan or coverage. The PPACA did not even change the standardized plans chart, although this was a part of some of the discussions and may happen in the future. Medicare Supplements remain one of the few relatively stable things about the current state of affairs in our healthcare system.

If you have questions about this or how your coverage has been, or will be, affected, feel free to contact us online or call 877.506.3378.