Patient Protection and Affordable Care Act
Under the new Patient Protection and Affordable Care Act it is my understanding that these are some changes that might affect folks on Medicare that have Medicare supplements as an option. · Medicare advantage payments from the government to the insurance companies will freeze in 2011 at 2010 levels. o That results in plans increasing premiums, reducing the number of counties they are offered in, and increasing co-pays for the Medicare beneficiary. · Starting in 2011 the annual coordin...
Chris G. Hardin
Medicare Supplement Coverage - Plans M and N
On June 1, 2010, the new Modernized Medicare Supplement Plans will begin to be sold. Since Medicare supplement plans were standardized in 1992 there has not been a great deal of change to the plans. Plans K and L were added but do not seem to have made a significant difference in the market. Many believe Plans M and N which will be added as a Part of the Modernized Medicare Supplement Plans will make a difference. Particularly, Medicare Supplement Plan N. Let's look at the highlights of the two ...