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…

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Medicare costs return to spotlight following deficit debate

Controversial proposals regarding Medicare expenses have moved back into the forefront of discussions as a result of the federal deficit debates, leading many to voice concerns regarding the increase of hundreds – if not thousands – of dollars to the medical bills of seniors.  It has not yet been determined whether any of these new proposals will be enacted in 2011, considering the current impasse faced by the government regarding its spending.  The Republicans are currently demanding these proposals so that trillions can be hacked from the federal budget.  However,…

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