News and EventsWednesday, August 14, 2013
Medicare changes in 2014 - What you need to know
If you are enrolled in a Medicare Advantage (MA) plan, you may be wondering how the Affordable Care Act and other Medicare changes will affect your coverage in the coming years.
In the past, private insurance companies running MA plans were paid about $1,100 more per person than what was paid for people in original Medicare. Since 2012, the Affordable Care Act has been bringing those payments down to be more comparable to rates under original Medicare. As a result, some MA plans have chosen to increase premiums, reduce extra benefits, or even leave the Medicare program. However, they are not allowed to cut any benefits provided under original Medicare.
As Medicare Advantage plans make changes to their premiums, benefits and provider networks, it is important for seniors enrolled in these plans to review their needs and health coverage each year. Choosing the right MA plan is important. According to a 2012 PlanPrescriber study, nine out of 10 individuals selected the wrong plan and could have saved an average of $650 each year if they were on the right plan.
We’ve asked our partners at MB Senior Solutions to help us address a few of the most common questions about MA plans and what seniors need to know heading into 2014.
Council on Aging partners with MB Senior Solutions to help area seniors make important decisions about their Medicare and prescription drug coverage. Through this partnership, Medicare eligible older adults can access free services including a review and analysis of individual health plan and prescription needs, and help with plan enrollment and annual renewals. You can access these free services by contacting Council on Aging at (513) 721-1025.
COA also offers onsite appointments with a volunteer from the Ohio Senior Health Insurance Information Program (OSHIIP). The trained volunteer is available to: help seniors make decisions about Medicare coverage; facilitate appeals for denied coverage; and act as a mediator between patients and providers when coverage problems arise.
How is Medicare affected by Health Care Reform?
What does this mean for seniors in 2014?
When should seniors review their coverage?
Where can seniors turn for help in reviewing their coverage and choosing a plan?
If you are new to Medicare, the Ohio Senior Health Insurance Information Program will host two free Welcome to Medicare webinars this fall - Sept. 16 and Dec. 16. These webinars are free and open to the public, but you must register in advance. Click here for information.
Seniors who need assistance reviewing coverage options or enrolling in plans can contact Council on Aging at (513) 721-1025.