dow2664
Seniors about to retire are now stuck trying to figure out finances, specifically to cover health care needs. Medicaid, Medicare and Social Security are at the top of the to-understand list for seniors approaching retirement and health care reform continues to change health care insurance coverage almost daily. Health care change is scaring many people and with election time looming, a change could be on the horizon and might not be just for health care. Democrats are slipping in the polls because many see them as the catalyst of health care change, and many are worried that the health care reform may affect them in a negative way. More specifically, Medicare Part D has been a focus in the health care reform debate because it allocated money to pay for medical needs like pharmaceuticals for people in need. Medicare and Medicaid services now estimates the cost of Medicare Part D between 2004 and 2013 to be over 40% lower than what was originally expected. Once a person turns 65, they are eligible for Medicare services and this will help provide money for doctor’s bills, hospitalization and even prescription drugs. The process of deciphering the plans is a bit more difficult however and many seniors need guidance. There is Medicare A, Medicare B and also Medicare D. The government also allows Medicare Advantage plans which combine A,B and D plans all into one in some form or fashion. There are many available options for Medicare Advantage plans and depending on where you live, one could have multiple choices. The New Health Care reform offers to make the process less confusing however by consolidating options. One source of help in understanding the details is the Center for Medicare Advocacy. This is a good first step. Author: Genny Germano
No comments:
Post a Comment