Over the past few months, there has been talk about possible changes in Medicare supplemental insurance policies. It is extremely important to understand what is just speculation, and what has actually happened. Many senior citizens nationwide rely on Medicare supplement insurance coverage, and misinformation can cause loads of confusion. Unfortunately there is a lot of misinformation when dealing with Medicare.
One of the biggest concerns currently is the solvency of Medicare. Medicare's funds are running out and Medicare is looking for drastic ways to cut costs. One thing that congressman are going is looking at changing Medicare supplemental insurance plans as a way to reduce costs. Their current thinking is that many Medicare supplement plans (Like Plan F) cover virtually 100% of the expenses not fully paid for by Medicare--meaning that the policyholder literally has zero ($0) in out-of-pocket expenses.
Congressman fear that Medicare is being over-utilized due to the fact that allegedly policyholders do not "think" before they go in for medical care. They may be going to the doctors for un-necessary things, or things that could be treated at home just as effectively. This is a very debatable topic and is causing major differences in opinion. You have those that agree Medicare supplemental insurance may be allowing senior citizens to over-utilize care, while you have those (like us) that believe most senior citizens would not go to the doctor, unless they felt it was truly indeed medically necessary.
Senior citizens have been promised affordable and adequate healthcare during their working careers, so that is what they deserve. it would be like working for a company who promises to give you a certain pension, then after you retire, they say that they are going to reduce your pension because they do not have the funds. This is unacceptable and needs to be changed to allow senior citizens to have the healthcare that they were promised. Medicare supplement insurance is a large part of this needed equation.
About 15 million senior citizens currently have a Medicare supplement plan, and it is believed that this type of coverage is still the most stable. If you are interested in getting a Medicare supplemental insurance quote, you can fill out the form on our website or call us at (855) 419-3826 today!
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