A study that involved an extended health survey of seniors who bought private Medicare plans through a health insurance exchange showed that 63 percent reevaluated their coverage during the annual enrollment period for 2012 and that among them, 31 percent purchased different coverage. The survey involved the participation of 334 seniors who had previously purchased private supplemental Medicare plans through an insurance exchange. According to the results, the three primary reasons that these seniors decided to reevaluate their health insurance coverage were: • Because they had experienced an increase in…
Read MoreTag: senoir citizen health insurance
Medicare supplemental health plans may be facing new limits
Supplemental health plans for Medicare insurance beneficiaries may soon be facing cutbacks as a result of the major reductions being made in the budget as a result of the special U.S. Congress deficit reduction panel. Medigap insurance plans provide additional coverage for many elderly people who have Medicare. These are individuals often live on fixed incomes. They rely on Medigap to protect them from the many deductibles and expenses for which Medicare does not provide coverage. A lobbyist that has been keeping track of the latest “super committee” developments explained…
Read More