#Medicare Advantage West Palm Beach
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We assist Medicare beneficiaries with all of their Medicare insurance needs. We offer Medicare Supplement, Medicare Advantage, and Medicare Prescription from most major insurance companies, assuring our clients have the plan that fits them best in the area of Plam Beach. For more - https://www.medicareadvisorsflorida.com/
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New Post has been published on http://omcik.com/us-raises-medicare-payments-to-insurers-by-0-45-pct-in-2018/
US raises Medicare payments to insurers by 0.45 pct in 2018
Bill Clark | CQ Roll Call | Getty Images
Carol Berman, of West Palm Beach, Fla., speaks with pedestrians about the need for policymakers to protect Medicare Advantage benefits during the Coalition for Medicare Choices’ Medicare Advantage Food Truck stop on North Capitol Street in Washington on Monday, March 9, 2015.
The U.S. government on Monday slightly improved its final payment rate for health insurers who offer Medicare Advantage plans for older people and the disabled, settling on an increase of 0.45 percent on average for 2018.
Medicare Advantage, an alternative to the standard fee-for-service Medicare in which private insurers manage health benefits, is the fastest growing form of government healthcare, with enrollment of 18 million people last year.
While the outlook for other forms of U.S. government healthcare uncertain under President Donald Trump, health insurers are banking on Republicans embracing the use of Medicare Advantage.
Each year the government sets out a target rate that it will pay insurers, which then use the data to decide on coverage areas and costs.
On Feb. 1, the government proposed an increase of 0.25 percent. The change in Monday’s final rate reflects the government’s assessment that effective spending growth will be slightly lower than it had originally targeted.
Insurers who provide these plans include WellCare Health Plans, Anthem, Humana, UnitedHealth, and Aetna. Shares in the companies were little changed in extended trading.
The Centers for Medicare and Medicaid Services, a division of the U.S. Department of Health and Human Services, also said that it would be providing incentives to encourage organizations to develop new plans with “innovative” provider network arrangements.
The government announcement included a request from the public on other changes it could make to improve the Medicare and Medicare Part D programs.
Ipsita Smolinski, managing director at research firm Capitol Street in Washington, said that the Trump administration wants to simplify Medicare Advantage so that insurers do not have to “jump through so many hoops.”
That could mean changing the system of measurements used by the government to pay insurers more or less depending on how they are rated as well as other certification and audit programs, she said.
Insurers still face uncertainty for 2018 over the health insurance tax, she said. The Republican health plan that was proposed by Congress would have eliminated the tax, currently on hiatus, but the bills failure has put the tax back on the table for 2018.
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Whereas when it is about extra benefits, the Medicare Advantage Plans mobilize the power of care networks. (A group of health care specialists and doctors who are contracted with your plan). These care networks help in keeping the cost low, but not to be forgotten if you will go beyond or outside Medicare Advantage Plans, your care will be charged. So it is important to consult the Medicare advantage coach in West Palm Beach to screen every nook and corner of these plans before signing up and also ensure that your favorite docs are in the plan’s network. For more - https://www.medicareadvisorsflorida.com/post/everything-you-need-to-know-about-medicare-advantage-plan
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We offer no cost, no obligation, one on one consultations. We assist individuals turning 65 and current Medicare beneficiaries with all of their Medicare insurance needs. We offer Medicare Supplement Policies, Medicare Advantage Plans, and Medicare Prescription Drug Plans from multiple insurance companies, assuring our clients have the plan that fits them best. For more visit - https://www.medicareadvisorsflorida.com/
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