Chopped Payments to Private Medicare Advantage Plans

This is a no-brainer. If you want to save money and get good health care coverage, then stick with the government administered Medicare plans. Really? The government subsidized benefits seniors get who are on Advantage plans are real, and they may very well be in danger of going south during the health care changes. Does this mean there isn’t something to replace those benefits? It’s a fair question.

Granted, there are some major differences between the House version of the overhaul of the health care system and the Senate version of the overhaul. However, both the bills do chop payments to private Medicare Advantage plans. This is largely because these are costing the government about 14% more than traditional Medicare.

While there are benefits being given in this upcoming legislation, there are trade-offs on the other side. For instance, the AARP (who advocates for Medicare Advantage cuts – after all it IS an insurance company) predicts it’s like some seniors may see an increase in the premiums; ultimately have their benefits cut; or see some plans shut down.

To learn more, visit Gomedigap.com.