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Medicare Advantage Plans 2014

Q&A on Medicare Advantage Plans 2014

On the subject of Medicare Advantage Plans 2014, there are some concerns and confusion on the part of Seniors. Some are asking:
Q: Will Obamacare have an effect on how I get Medicare?
A: No. If you are currently qualified for Medicare or will be turning 65 in 2013-2014 the way you get Medicare will not change. Medicare is not affiliated with the government health insurance marketplace (Obamacare), so you will continue to be able to get your  Medicare Advantage Coverage through private health insurance companies as always.

Q: I am turning 65 in 2014 when  can  I join a Medicare Advantage Plan?
A: Those that turn 65 in 2014  can  enroll in an Medicare Advantage Plan  during a 7 month period that starts three months before your 65th birth month and ends three months after your birth month.

Q: Will my Medicare Advantage Plan rates go up in 2014?
A: We all know that Medicare Advantage rates usually rise on an annual basis. For 2014 the Centers for Medicare & Medicaid Services have capped  the rate that MA Plans can  increase to 34%, That is down from 36%.  A realistic number to see on the monthly Medicare Advantage rates increases, may be closer to 20%.


>> More questions and answers concerning Medicare Advantage Plans in 2014 are below.

Growth and Rates for Medicare Advantage Plans 2014

Video: Bertha Coombs of CNBC discusses changes in 2014 Medicare Advantage Plans.

Questions on Medicare Advantage Plans 2014

Q: When is the annual enrollment period for Medicare Advantage Plans.
A: Oct 15 to Dec 7th is the Medicare open enrollment period. During that that time you can go from Original Medicare or your current MA Plan to a new Medicare Advantage Plan.  You can compare Medicare Advantage Plans in your state here.

Q: I heard that I can switch to a 5 Star Medicare Advantage Plans any time of the year. Is that true?
A: Not exactly. You can switch one time to a Five Star MA Plan between December 8th and Nov 30th of any calender year. Check with your  Medicare Adviser on which plans are the 5 Star Medicare Advantage Plans in your state.

Q: I like the idea of comparing medicare plans, but I am not sure Medicare Advantage is the way to go for me. Do you have any different Medicare Plans?
A: Yes. Another option you may want to consider is 2015 Medicare Advantage. These plans are less restrictive  as far as the Doctors you can choose. The traditional Medicare plan offered by the federal government typically only pays 80% of health care costs. By choosing a Supplement Medicare Plan (sometimes called  Medicare Medigap Insurance ) you close the gap on the amount of out of pocket health care costs you are stuck with.

Have more questions on Medicare Advantage Plans 2014?

Please leave us your questions about Medicare Advantage Plans 2014 season in the comments section below. Thank you.

 

Related Medicare Articles:

medicare advantage plans 2014The CBO OACT and industry financial analysts have revised their enrollment projections and expect enrollment in Medicare Advantage plans to continue to grow in 2014 after which their projections differ. The CBO projects. Projecting Medicare Advantage Enrollment Expect the Unexpected

The insurance industry won a major lobbying victory Monday after the Obama administration backtracked on an earlier plan to cut Medicare Advantage payments to insurers by 2.2 percent in 2014 and instead decided to give.  Medicare Boosts Rather Than Cuts Payments To Advantage Plans

Related Medicare Videos:

Medicare expert Nancy Oliker discusses changes for 2014 to Medicare Advantage plans or Medicare Part C. Medicare Advantage plans are offered through private insurance companies. They do provide all the benefits of Medicare Part A. Medicare Advantage Changes for 2014 UHC TV

References: 2014 medicare advantage plans growth expected


7 Responses to “Medicare Advantage Plans 2014”

  1. john johnson says:

    I am a navy veteran.I have been enrolled in medicare part A for about 3 years. Now i want to get medicare part B.Will I have to pay a penalty because i never signed up for medicare part b thanks john

  2. admin says:

    John, that is a good question about medicare and possible penalties for late enrollment. I am not a licensed Insurance Agent, so I can not give you advice on such insurance matters, buy I will direct you the the page at medicare.gov that does the provide the medicare answers you are looking for. http://www.medicare.gov/your-medicare-costs/part-b-costs/part-b-costs.html

  3. Robert Homiak says:

    Have had Medicare Advantage for several years. Looking at Medicare Supplement for 2014. Is there any problem to switching??? Can I have both a Medicare Advantage plan and a Supplement plan to cover excessive medical expenses??? If so, which plan would pay for what???

  4. admin says:

    From what I understand you will need to choose either a supplement or advantage plan, but you do not need both. It is always best to check to check with your insurance agent though.

  5. Luke says:

    I am a diabetic and have heard that I have a longer time to get a plan.I heard around 6 to 8 months more.

  6. admin says:

    Luke, Here is some info regarding special medicare plans for diabetics. http://www.medicare.gov/Pubs/pdf/11302.pdf

  7. Lynn says:

    I am a medical insurance billing rep. Medicare advantage plans pay as Medicare pays, which is 80% then you are responsible for the remaining 20% or copay amount specified by your plan. Most supplemental insurances such as AARP are only supplemental for Medicare and not Medicare Advantage. If you do have a supplemental to your Medicare advantage plan, I suggest you keep it or you will be responsible for the balance bill.

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