Seniors are seeking alternatives to their existing Medicare Advantage plans. Medicare Advantage plans are private insurance entities. The corporation has an established agreement between Medicare and its beneficiaries in regards to what services should and should not be rendered under the contract. As a result, Medicare can only provide patients with certain services like HMO’s (health maintenance organizations), private fee for service plans, medical saving plans, special needs plans, and PPO’s (preferred provider organizations). It also covers all enrolled recipients as well as provides most of its enrollees with a prescription drug plan.
The elderly depend on Medicare for health benefits. The Obama Care plan could drastically affect the type as well as the quality of care seniors receives. A plan, meant to drive down cost, could do the complete opposite. Individuals under the MA Plan are afraid they will be smacked with a lot of out-of-pocket expenses. People on original Medicare will not have to worry about this. Those with a Medicare Supplement Plan F will have 100 percent of the gaps still paid.
According Actuary prediction, nine years down the road Medicare physician will be paid less than Medicaid providers. Today, Medicaid patients find it hard to locate service providers. Due to Medicaid provider shortage, many desperate parents line the walls of urgent care facilities, hospitals and even community based clinics. Years down the road, seniors will most likely be in the same predicament under the Obama Care plan.
The original Medicare plan consisted of two parts Part A (hospital insurance) and B (medical insurance). Under Part A, most receivers do not pay monthly premiums because their spouse paid Medicare taxes while employed. Part B provided coverage to services not covered under part A (occupational therapists, some healthcare and physical therapists). Part B takes care of medically necessary supplies, services and some preventive services. This plan has a monthly premium. The original plan is superior because the recipients know exactly what they were entitled.