Medicare in 2015?

What's in store for those on a Medicare Advantage Plan in 2015?

Dollars are expected to dwindle from CMS to these plans.  In fact $716 Billion is part of the cuts to Medicare because of ACA (Obamacare).  Medicare Advantage (MA) plans will not be the only thing facing the reduced funding over the 10 year period.  Expect to see funding reduced to hospitals, home healthcare, skilled nursing and hospice.

What will carriers who offer MA plans do?  Those enrolled will likely see more expensive MA plans.  It may show up as higher co pays, higher deductibles, higher out of pocket maximums, more coinsurance, higher premiums and the dreaded smaller provider network.  Sounds a lot like what employers have to do every 2-3 years to afford to offer healthcare to their workforce right?

So what are some strategies you can use if you are in an MA plan today?

Stay turned to the next blog