Humana Sees 2014 Medicare Advantage, Exchange Customer Growth

Managed care company Humana said on Wednesday that it expects to add more customers to its Medicare Advantage plans in 2014 despite government cuts to funding and that its individual business will grow through new Obamacare plans. Humana, whose first-quarter profit beat analyst expectations but still fell as it spent more on marketing and investments related to new products, said it will add 435,000 people this year to Medicare Advantage plans. It stuck by its outlook for earnings of $7.25 to...

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From: Wochit Business

Related topics : humana medicare advantage plan cost / medicare advantage managed care / medicare advantage cuts

How do I know if I have private insurance? I have Medicare -- that's not private insurance, right?

Private health insurance plans generally include health plans provided by employers and policies people buy on their own. But, it's important to know that if you receive benefits from Medicare, Medicaid or any other government medical program you might also have private health insurance liens.

Many people have government insurance that is administered by a private company, like a Medicare Advantage plan. Some people also have supplemental Medicare plans, which are private health insurance...

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From: Garretson Resolution Group

Related topics : health medicare supplemental insurance plans / cost of medicare supplemental insurance plans / advantage plan health insurance / medicare supplemental health insurance companies / medicare gap insurance plans

Medigap plans Medicare Advantage plan premiums will rise

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Medicare advantage plans will raise their premiums in the future. Medigap plans will eventually become the better choice for some seniors as the advantage plans receive less money from the government medicare system. I was at a seminar today with Aetna, Cigna, Blue Cross, Bravo, and a lot of other companies except AARP United Healthcare. They were talking about the government taking away 2% of the Medicare cost and putting it on the Medicare...

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From: Brian Monahan

Related topics : medicare advantage plans cost to government / medicare advantage plans or medigap / cigna medicare advantage plans / cost of medicare advantage premiums / medicare advantage insurance companies

Medicare won't be safe if history is any guide

Nobody is talking about reducing Medicare benefits, except the lawmakers on Capitol Hill who have proposed to cut roughly $150 billion from the highly popular Medicare Advantage program, which now enrolls about one out of five senior citizens. These plans in this program provide Medicare patients with richer and more varied benefits than those in traditional Medicare. There are a lot of options the government can do to reign in spending for Medicare,...

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From: FixHealthPolicy

Related topics : medicare advantage plans cost to government

Case Study: Better Medicare Alliance

American seniors have a choice for their health insurance. They can use a government administered program (Medicare), or a program administered by insurance companies, but paid for by the government (Medicare Advantage). Even though Medicare Advantage delivers better outcomes and offers additional benefits, often at a lower cost to the consumer, because taxpayer funds are being used and the private industry manages the plans, the program is under constant political threat.

Better Medicare...

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From: APCO Worldwide

Related topics : medicare advantage plans cost to government / medicare advantage insurance companies / medicare is a health insurance program / medicare advantage insurance providers / medicare advantage program

The Basic Costs of Medicare

This video goes over the costs of basic Medicare - the costs that everyone will need to pay even before they pay for either a Medicare Supplement Plan, a Medicare Advantage Plan, or a Part D plan.

The video discusses the Part A premium - with information on how Medicare Part A is normally free, unless you have not worked a minimum of 40 Quarters.

The video also talks about Income Related Monthly Adjustment Amounts (IRMAA) and how your income may make your Medicare Part B premium...

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Related topics : medicaid pays medicare part b premium / medicare part b supplemental insurance plans / medicare part b supplement plans / cost of medicare part d premiums / medicare advantage plans cost to government

Government Says 2015 Medicare Payments To Insurers To Rise

The U.S. government on Monday said that final payments to private health insurers for 2015 private Medicare Advantage plans would rise 0.4 percent for the average plan compared with a proposed cut of 1.9 percent. During a news briefing, the health agency said that costs for Medicare health services continued to drop and that it now expected a decline of 3.4 percent versus the 1.9 percent on which it initially based its payments. In addition, the agency said that it would delay other changes to...

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From: Wochit Business

Related topics : medicare and private health insurance / medicare advantage payments to health plans / medicare advantage plan insurance / medicare cost compared to private insurance / medicare advantage plans average cost

Seniors Flock To Star-Rated Medicare Plans Under ACA Rollout

An effort under the Affordable Care Act to encourage the health insurance industry to provide higher quality benefits for seniors is rewarding both elderly Medicare beneficiaries and the bottom lines of health plans winning high government-backed ratings. More than half of seniors enrolled in so-called Medicare Advantage are now enrolled in packages with ratings of four stars or more on a five-star scale, a ranking system created under the ACA to guide seniors to cost-effective and higher...

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From: Wochit News

Related topics : health plan medicare star ratings / senior medicare plans / medicare advantage rates 2014 / health insurance plans medicare