Initial Look at 2017 Medicare Advantage ...

Insurers selling Medicare Advantage plans are ready for larger pay increases for 2017. This is a initial signal stark cuts on payments for the Affordable Care Act are almost over regarding the industry.  A key metric for 2017 was released by CMS showing the Medicare fee for service base rate which is a measure of the traditional Medicare spending is going to increase by 3.1% in the year 2017. Back in December for 2016 rates, the CMS nailed the growth number at 2.02%. The formula is a mix of complex estimations and modifications for Medicare Advantage payment. This rate...

Advantages of Medicare and Medigap

Choosing a federal health insurance program and signing up for it can be a confusing task for most people who don’t understand the differences between Medicare and Medigap. This task would depend on what sort of health care the elderly person requires. For example, will the insurance program cover hospital stays as well as prescription drugs? What is the cost advantage of one program over the other and what are some of the features to consider when choosing between them? Understanding Medicare and Medigap Medicare consists of four components: the standard health...