Although the Advantage ratings purportedly help seniors weed out the best possible plans, the ratings system is flawed and most seniors rely on a combination of plan costs and benefits to determine which plan they want. The impending Medicare reforms will be rewarding top-ranked Advantage plans with bonuses, despite the obvious flaws within the...
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The recent Senate bill entitled "The Patient Protection and Affordable Care Act" is intended to bring insurance to many uninsured Americans and to help the Medicare program avoid insolvency, which is projected to happen in 6 years. Unfortunately, the bill will probably have just the opposite effect.
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In light of the recent letters sent out to their Medicare Advantage beneficiaries, insurance company Humana now faces the possibility of heavy fines and may even be kicked out of the Medicare Advantage market by federal healthcare agency, CMS. This seems like a pretty harsh penalty for a one page letter informing seniors that...
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President Barack Obama announced on Monday that he plans on closing the gap in prescription drug coverage for senior citizens.
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Even though the annual Medicare enrollment period ended on December 31st, some Medicare Advantage beneficiaries may still be able to switch their coverage during the current enrollment period which extends until March 31st. Under certain circumstances, beneficiaries can change their plan by March 31 if they do not think the plan they chose fits...
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Health Net is among the nation’s largest publicly traded managed health care companies. They provide health benefits to approximately 6.7 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. They are the largest provider of Medicare Advantage plans in Connecticut and they have been serving Medicare Beneficiaries...
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The deadline for Medicare Part D enrollment is approaching fast so if you haven’t already, it’s time to review your current Medicare plan to make sure it still offers the same benefits and prescription drugs to meet your needs. Whether you want to change your current provider or you’re a new enrollee, you have...
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