Medicare Insurance Finders 2013 – 2nd Quarter Newsletter
With the first quarter, and a big Medicare decision behind us, we wanted to inform you of what decisions were made by Congress over the past month.
MEDICARE NEWS – APRIL 1st Decision
In summary, last month Medicare Advantage Plans (Medicare Part C) were notified that they will receive an additional 2.3% cut in subsidies. This means that billions of dollars will be pulled from these plans in 2014. America’s Health Insurance Plans Association (AHIP) said this could cause MA plans to increase plan premiums to an average of $50- $90 per month or drastically reduce benefits. Considering that most Medicare Advantage plans are $0 premium or less than $30 a month, this would take away the incentive to enroll in these plans.
However, yesterday, after much push back from Congress, insurance companies, and the millions of Americans enrolled in these plans, the decision has been made to do away with these cuts and actually increase the Medicare Advantage reimbursement rates. This will insure that 2014 plans will not experience drastic benefit cuts or premium increases.
MEDICARE SUPPLEMENT NEWS
As most of you know, Medicare Supplements are standardized products. The largest difference between these plans is the premiums which can be compared at www.medicareinsurancefinders.com.
Several new insurance companies have entered the market over the first quarter of 2013: Cigna Insurance Company and Aflac Insurance Company. Both of these companies are on the Medicare Supplement Quote Engine – provided by Medicare Insurance Finders. Other articles throughout our websites have information pertaining to these companies but we wanted to include it in the Medicare Insurance Finders 2013 – 2nd Quarter Newsletter.
MEDICARE INSURANCE FINDERS/MWG SENIOR SERVICES
In an effort to provide better service to our clients, we have implemented several changes at our office.
- New Phone Number (1-877-936-2991) – Our office has established a new phone number to better handle the calls we are receiving. If you call our old number you will still reach us; however, due to hundreds of calls a day, we have installed a phone tree to better handle your calls. The phone number for your advisor is still in place, but this phone number can be used for service, to speak to your advisor, or for general questions.
- Medicare Insurance Finders Blog – Each day we try to post an article about Medicare. Some days, like this week, we have been able to put updated news dealing with Medicare and the changes that are taking place. Other times, we post articles like How to Lower Your Premiums, Insurance by Personality Types, and many other articles that are helpful. To view our blog, visit: www.medicareinsurancefinders.com/blog
WE APPRECIATE YOUR BUSINESS AND LOOK TO SERVE YOU IN THE BEST MANNER POSSIBLE. IF WE CAN BE OF HELP IN ANY WAY, PLEASE DO NOT HESITATE TO CALL. THANKS AGAIN AND WE HOPE YOU ENJOYED THE MEDICARE INSURANCE FINDERS 2013 – 2ND QUARTER NEWSLETTER!