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Medicare Cuts Begin October 1: PFFS Plans Cancelled for 1 Million Seniors
Starting October 1, 2009, many seniors will begin receiving notices that their Private Fee For Service Plans (PFFS) are being canceled. Seniors are very concerned, but they do have choices.
These programs, run by private insurance companies, received money from the government to more efficiently handle the delivery of care for seniors than regular Medicare. These are also known as part of the Medicare Advantage program which is currently facing cuts under the latest healthcare proposals before congress.
With changes in legislation impacting the amount of money that is allowed for doctor reimbursements, these companies can no longer continue operating these plans. This means that members/patients around the country will have to begin looking for alternatives for their healthcare.
One such alternative, that has been around since the 60's and delivers the most choice and value for the majority of seniors, is the Medicare Supplement policy. By shopping the market, a senior can obtain a policy that covers those bills that Medicare, itself, does not cover. Rates for these supplement policies are now more competitive in many markets because of increased competition from insurance companies.
Those members coming from the cancelled PFFS plans have guaranteed issue provisions which allows them to go into Medicare Supplement policies without the typical underwriting that is involved. Counselors say that now is the perfect time to look for a replacement for those cancelled PFFS plans, and one organization, the National Medicare Service Center, stands ready to provide the free service of shopping the market to find the best plan.
Many seniors do not realize that all Medicare Supplement plans are the same. They must all pay the same claims (any claim approved by Medicare) and all must provide the same benefits. The only difference, then, is in the price the client pays every month for their supplement premium. Whether someone is using a big name insurance company or another smaller one that is approved by your state, they are all going to pay the claims - they have to. The question is, "How much do you want to pay for your policy?"
Shopping for medicare supplement quotes before signing an application is the senior's best defense against paying too much money every month. The National Medicare Service Center has been able to save individual seniors up to $1,200 per year from the exact same plan, just by shopping for the best medicare supplement policy available in the client's state.
For a free information on the coming changes in Medicare or for a quote on the best value for your premium dollar, visit: http://www.nationalmedicareservicecenter.com
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The National Medicare Service Center is not a government agency. It is a privately held insurance marketing company that aggressively seeks the best prices for seniors on all of their health and life insurance needs.