Health Care Impact On Medicare Recipients ~ Has Anyone Told Them?

By
Real Estate Agent

 

One of the critical components of the Obama health care bill is cost. 

The bill has not reached a final version even today, which is one day before the vote. A true cost analysis has yet to be done.

  • We have no idea for example, how much the health care plan will cost for a family of 4 making $40,000.00 per year.


You have no idea how much you will pay in additional taxes to fund it. 


  • You do not know if your current employer will abandon the health care plan you enjoy now.  If your current employer wishes to drop coverage - you will be forced into the government program.


"If you like your current insurance plan - you can keep your current insurance plan". 
That is one of the biggest lies being told to the American public. Your elected officials should be adding - 
"IF YOUR EMPLOYER KEEPS IT."

  • Those folks who are employed and enjoy group health insurance from their employer are also in peril.


An employer will have to pay annually a $2,000 fine per employee, for failure to supply health insurance.  On average employers contribute anywhere from $200 per month to $ 600.00 per employee for health care.  You do the math. 

$2,000.00 per year verses $7,200.00 per year, is a huge savings and boost to the employers bottom line.  If you were an employer what would you do? 

  • "If you like your current insurance plan - you can keep your current insurance plan". Your lawmakers should be adding- " Unless you have Medicare Advantage".


We do know that the popular Medicare Advantage program will be severely impacted.  Seniors who have joined the Advantage program pay about $65 a month in addition to their Medicare B coverage.

  • Most Advantage programs offer unlimited access to medical providers, hospitals, prescription drug coverage, and wellness programs. In some instances in network massage therapy, gym memberships and eye glass coverage is included. 
  • There are no problems finding doctors who accept this Medicare program.  Advantage runs like an HMO or PPO with lists of participating doctors who will provide services.


The health care bill will eliminate the Advantage program, at least in some states.  The sweetheart deals (who can keep track of them) allow certain states to keep their Advantage programs.

  • A Senior who is forced to leave an Advantage program will pay on average $270.00 per month for a supplemental Medicare insurance policy. 
  • One of the largest providers of Medicare supplemental insurance is AARP.  These policies cover the co-pay, and the portion of the bill Medicare does not pay. 


Additionally the Senior will have to purchase a stand alone Part D Prescription coverage.  Those policies run about $80.00 a month.  More comprehensive coverage can be up to $125.00 per month. 

A drawback of the Medicare D coverage is the infamous "DONUT HOLE".  The "HOLE" is created because Medicare D coverage only pays benefits for part of the year.  You run out of benefits before you run out of calendar months. There are a number of months where you are forced to pay retail for your prescriptions.

  • Medicare part D pays for an average of 8 months of your prescriptions, but you still make your Part D payment for all 12 months.


Additional costs to Seniors:

Supplemental Medicare Policy                     $205.00  Mo  (Less Advantage)
Medicare D RX Coverage                              80.00  Mo
4 months out of pocket RX                              ?
Eye glasses                                                    ?

It is difficult to come up with a hard number, but at a minimum a Senior will be forced to pay close to $300.00 more per month to match "some" of the benefits they receive under the Advantage program.

  • Seniors currently receiving Social Security benefits are getting approximately $800 - 1500 per month in spendable benefits.


It is impossible to calculate how much of an impact the prescription donut hole will place on individuals.  Depending on the medication it could be a hundred to a thousand dollars a month.  Add that to the additional $300 per month they will pay.  Now add the lose of vision care and wellness programs.

  • The health care plan calls for 580 billion in savings coming directly from Medicare.  That savings is not limited to eliminating Advantage programs. 


The government intends to squeeze billions of additional dollars out of the Medicare program to pay for their Frankenstein health care plan.

  • To provide health care "rights" to every American - the government will renege on the contract previously made to retirees. 


Seniors paid into a system all their working life. The government promised it would provide a certain level of coverage during their retirement.

     CAN YOU TRUST YOUR GOVERNMENT TO TELL YOU THE TRUTH?


ADVANTAGE OVERVIEW

(Just a small aside - in another blog I wrote about the IRS enforcement. One commentor stated I was a GOP scare monger.  I am a registered Democrat in Pa. I invite you to debate facts with me - not party talking points.)

____________________________________________________

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Pennsylvania Lackawanna County Clarks Summit
Groups:
Fight Socialism: ActiveRain Economic Bailout Group
M.A.N.C.R.O.W
Politics And Real Estate
Silent Majority
Tea Party
Tags:
health care
medicare advantage
health care bill

Spam prevention
Show All Comments
Rainmaker
643,757
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

Bonnie, I think so many people just have their head in the sand and that includes our congressmen and women!!!  I don't even think I can stand to watch tomorrow.  I just have to keep telling myself that God is in control!

Mar 20, 2010 02:14 PM #1
Rainmaker
244,734
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Marchel,  I'm as disgusted as you are.  If this goes through our country will be in turmoil.

Mar 20, 2010 02:21 PM #2
Ambassador
2,540,880
Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor

Bonnie,

If this passes, we may never know what it includes because it's being written on the fly. :)

Steve

Mar 20, 2010 03:34 PM #3
Rainmaker
566,831
Delaware Junk Removal Residential And Commercial Hauling Clean Outs
Delaware Junk Removal 302-530-9186 - Wilmington, DE
Whole House Clean Outs, Basements, Garages, Attics

Bonnie- Its almost time to buy a acre of land in one of the states that leaves the Union and build a house.

Mar 20, 2010 03:55 PM #4
Rainmaker
244,734
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Steve,  Like Pelosi said - pass it if you want to find out what's in it.  They are re-writing to get the votes.   I hope this will cause Americans to vote everyone out in Nov.  Right now the polls show 76% of Americans are in favor of voting out all encumbents.  What does that tell everyone?

Mar 20, 2010 04:26 PM #5
Rainmaker
244,734
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Larry, I'm with you.  I've been looking at land too.  Just need a well, septic and electric.  I'll  pull in the RV and put up a windmill later.

Mar 20, 2010 04:27 PM #6
Rainmaker
662,285
JL Boney, III
Coldwell Banker - Columbia, SC
Columbia, SC Real Estate

The whole idea of rushing something of this magnitude frightens me. Someone will have to pay for it all, and where will the money come from?

Mar 21, 2010 07:50 AM #7
Rainmaker
244,734
Bonnie Vaughan
Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

JL - redistribution of wealth.  You and I will be poorer.  Our health care delivery system will become bogged down.  We will be looked at like lab rats by government panels who will decide what treatment or drugs we are allowed to receive.

Mar 21, 2010 07:54 AM #8
Rainmaker
354,838
Dale Terry
Yadkinville, NC

Bonnie, my mother had the Advantage, loved it and it paid for much of her health care.  The only problem she had was that Medicare refused to continue to pay for coverage, so we had to find a separate facility to take care of her.  We had to take her off Medicare and put her on Medicaid just to get the facility to take her.  What was tragic was the care she received seemed to be based on the payments the providers got from the government.   She also had a number of issues while at the hospital and we were forced to tell the attending physicans....to stop with their protocols, it was making my mother worse.  We took over her care, had the doctors stop doing test after test and within days, she was doing 100% better.  This is not to slight the health care workers, but the system.

And this is before the health care bill passed.  My mother would not have received the care she got if she had not had the Advantage program.  Seniors are going to take a huge hit now.

Mar 22, 2010 01:30 AM #9
Anonymous
Shelby

This is another insurance issue to beware of especially where customers are subject to severe weather conditions.

The insurance companies Tower Hill Insurance Company, Gainseville, FL Newman Insurance Agency, Inc., Hollywood, FL and  Royal Palm Insurance, Gainseville, FL have been involved in arranging and giving homeowners insurance.

Shortly after being paid for the insurance they inform the customer the home is at risk cancel the policy. Then they offer the customer another policy with another of their companies and charge a significant additional amount.

During hurricane season, they cancel again informing the customer again the home is at risk. 

It is possible this may involve discrimination.

Jul 25, 2010 11:16 AM #10
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
244,734

Bonnie Vaughan

CNE SFR - Buyers/Sellers - Lackawanna & Surroundin
How can I assist you?
*
*
*
*