Medicare Advantage Health Insurance Disappearing

Medicare Advantage will no longer be offered in 2010, as the two largest companies (Wellcare and Coventry) offering it are shutting their doors.

This isn’t the only change coming to the health insurance system in 2010 either. There will be the phasing out of the old Medicare supplement plans A through G, and the phasing in of new plans A through G. Speak to a health insurance agent to find out what that really means.

There’s going to be a lot of confusion over what these changes mean, and it might be very difficult understand what is going on with your health insurance. For example, the changes in Medicare supplements will put you in a closed risk pool on the switch-over date. This may mean lower premiums to start with, that creep up over time, once there is less competition for health insurance customers.

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