Today is Tuesday
Jul 08, 2008
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jsherbenou (guest)
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| 12/05/2007 3:25 PM |
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| All over the country, seniors are being urged to sign up for a Medicare Advantage program. Doing so, means they can only use the doctors in that program. Medicare will pay $700 a month to the Advantage program, whether or not the member is ill. My question is: If I don't sign up for this new program, will there be anything left in the "pot" to allow Medicare to function? |
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Mark Reese
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| 02/06/2008 1:58 AM |
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Not to disrespect your work any area that seniors can save money should be explored and I applaud your efforts. Persons need to know that once they move from a supplement to advantage or Medigap plan they lose there part B Medicare coverage, as those funds are sent to the private insurance company. Should they ever want to get out of an advantage program it can be very difficult, and you must qualify physically for a supplement, with certain physical conditions they may not be able to get in one. [\B] The Medicare Participant needs to be fully aware that Advantage programs are not Medicare supplements. With advantage you must make sure you have physicians and hospitals that accept it.
While the cost savings from the first glance on Advantage may be appealing those individuals signing up for it may be paying more in the long run, most Advantage programs have a $3000.00 medical maximum. While a Type J Medicare Supplement for a full year is a little over $1,600.00 total with no out of pocket expense. Each person is different and supplements and Advantage programs are not a one size fits all. The best thing any Medicare participant can do research and find out what is best for them.
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nancy belle
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| 02/14/2008 11:21 AM |
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I understand the concerns raised in these forum posts. You can always go to www.medicare.gov for questions and answers regarding all of this. Its always better to go to a neutral party who actually knows about Medicare for clarification.
Mark posts about certain physical conditions. There are special needs plans to cover chronic conditions. And, while Medicare Advantage plans are NOT supplements, they usually cover a combination of traditional Medicare and what supplements cover and they are usually less expensive.
Erickson has its own Medicare advantage plan under a Medicare waiver in a demonstration project that was designed with emphasis on prevention and probably covers more than other plans.
The bottom line: it is confusing but if you go to Medicare.gov, they can answer questions without promoting any individual advantage plans or supplemental insurance. |
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