Several hundred industry leaders all gather at the only conference that is 100-percent Medigap
focused," Slome explains.
Lobbyists and aides have said negotiators discussed requiring Medigap
beneficiaries to pay $250 out of pocket, which proponents say would discourage people from unneeded medical expenses.
Plan F with Original Medicare and a Medicare drug plan
The fact that the lion's share of our clients opt for the more traditional and significantly more expensive Medigap
plans goes to show that not all beneficiaries make their decisions based on price.
Supplemental insurance was defined hierarchically with the following categories: current employer-sponsored insurance (ESI) coverage, Medicaid coverage, retiree ESI coverage (also including private managed care, other private coverage, and TRICARE), Medicare managed care, Medigap
coverage, and no supplemental coverage.
Caution: It is important to underscore that Medicare Advantage plans and Medigap
insurance policies are mutually exclusive.
Medicare Advantage programs generally are priced lower than the monthly premiums for Medicare plus a Medigap
Despite the importance of supplemental insurance to Medicare beneficiaries, little is known about the premiums charged for individual Medigap
policies received one or two stars, indicating Medicare HMOs usually provide better value to consumers.
policies are prohibited in the new law after January 1, 2006.
8 million with Medigap
insurance would lose that coverage too.
Using the 5%-of-disposable-income threshold, most seniors would not buy Medigap
insurance, because costs of those policies can easily exceed the 5% limit.