Now all I need to see is about a 75% price decrease on their current Plan N policyholders
Perhaps it will.
When Hell freezes over.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Now all I need to see is about a 75% price decrease on their current Plan N policyholders
The new law is estimated to cost $210 billion over 10 years but Congress approved to offset or pay for only $70 billion; beneficiaries will pay approximately half this cost, or $35 billion. One way beneficiaries will pay this cost is through increased Part B premiums. Over the next 8 years, the standard Part B premium is projected to increase from $104.90 to $156.20, a difference of over $50. This is a sharp increase compared to the previous 8 years where the Part B premium only increased by $11.40.
Doc Fix and H.R. 2 ~ It Could Have Been Worse
with such a sharp increase in Pt B premium, and a decrease in medigap coverage, one could almost make the case for a good future for MAPD...
Not really on these increases, as far as plans that help cover the part B premium 1 there are less plans that do that, 2 a few companies that did that went under in recent years, 3 some companies are not paying comish on those plans.
So I believe the higher B premium is a moot point.
As far as part B deductible its not that much and it is over time, Moreover I would think that would translate to MA as higher Prem or higher out of pocket or less extra's
I guess it depends on the market. In FL, MAPD is still really strong. virtually every plan doesn't have a premium, and most have very low copays and a bunch of extra bennies
I am not saying MA is not strong or dying, I am just saying these changes wont make it stronger and I agree it wont make it weaker either.
The companies that went under were Strong in FL, Universal was 1 the other was more recent just can remember the name off hand.Also wellcare at one point stopped paying on there Part B buy back plan in some area's, They might have reinstated I am not sure, I stopped selling them for many reasons
wellcare still aint paying for pt b givebacks in most areas. but im not even talking about those plans.
just in general how these plans dont have monthyl premiums, and I cant forsee them having any premium, any time soon.
Medsupps in FL are already very high, and an extra $50 month premium in Pt B isnt going to make supps looks any more compelling to people.
This doc fix isnt going to make MAPD stronger, but it will make it look more appealing to many people.
I believe the higher B premium is a moot point.
Social Security Administration: Social Security Basic FactsSocial Security benefits represent about 38% of the income of the elderly.
Among elderly Social Security beneficiaries, 52% of married couples and 74% of unmarried persons receive 50% or more of their income from Social Security.
Among elderly Social Security beneficiaries, 22% of married couples and about 47% of unmarried persons rely on Social Security for 90% or more of their income.
From whose perspective?
Certainly not from the folks on SS and Medicare.
Social Security Administration: Social Security Basic Facts
Of course I am sure the retirees in FL are unique and don't have these challenges.[/QUOTE
Reading that over again It does not sound like I meant it.
It is a big thing to seniors, What I meant was I don't think it will deter too many people from buying supplement Ins.