If you are looking for info on the Medicare premiums email that is floating around, I don’t think there is anything to it. But you’ve come to the right place if you want to save on your Medicare supplement or advantage plan, just use the top tab on the right to get the lowest quotes!
Earlier this week, we blogged on the changes to Medicare in 2010 and in 2011. Now we’d like to highlight the Medicare changes in 2012-2014, which mostly involve Medicare Advantage and Part D. They all seem to be about closing the donut hole in Part D, and also about cutting payments to Medicare Advantage plans, while at the same time, increasing the quality of care. All great ideas, but we feel like it will force many more Medicare Advantage plans out of the market, so our thoughts are that there will be limited choices, and even higher premiums from members. Only time will tell. Here is the rest of the rundown for 2012-2014 Medicare changes.
Changes in 2012:
- Make Part D cost-sharing for full-benefit dual-eligible beneficiaries receiving home and community-based care services equal to the cost-sharing for those who receive institutional care.
- Create the Medicare Independence at Home demonstration program.
- Provide bonus payments to high-quality Medicare Advantage plans.
- Reduce rebates for Medicare Advantage plans.
Changes in 2013:
- Begin phasing in federal subsidies for brand-name prescriptions filled in the Medicare Part D coverage gap.
- Establish a national Medicare pilot program.
Changes in 2014:
- Reduce the out-of-pocket amount that qualifies an enrollee for catastrophic coverage in Medicare Part D.
- Establish an Independent Payment Advisory Board to submit recommendations to reduce the per capita rate of growth in Medicare spending.
- Reduce Medicare Disproportionate Share Hospital (DSH) payments by 75 percent; subsequently increase payments based on the percent of the population uninsured and the amount of uncompensated care provided.
- Require Medicare Advantage plans to have medical loss ratios no lower than 85 percent.