Monday, September 23, 2013
Monday, September 16, 2013
This means that people who up until now could not get affordable health care through their Medicaid, Medicare or their workplace, will be eligible to buy health insurance on their own without any worries of being turned down.The health coverage they purchase through the Marketplace will go into effect on January 1, 2014.
The enrollment period closes after March 31 of 2014 unless there is a major life event like relocation to another state changes to one's income or changes in family status. There will be a penalty for failing to have any kind of health insurance in 2014. The penalty in 2014 will be $95 per adult or 1 percent of adjusted family income, whichever is higher. The penalty will increase to $695 or 2.5% of income in 2017.
People enrolling will have a choice of four levels of insurance: platinum, gold, silver and bronze. Platinum will have the highest premium but the lowest out-of-pocket expenses. Bronze will come with the lowest monthly cost but the highest possible out-of-pocket costs.
Remember, the new Health Insurance Marketplace does not affect Medicare or those on Medicare. The Marketplace is specifically for people who do not have affordable health insurance or cannot be covered by Medicare or Medicaid.
I will be posting regular updates on this topic. Please send me your questions and I'll do my best to answer them here. Send them to firstname.lastname@example.org.
Friday, September 13, 2013
The massive advertising campaign directing consumers to sign up for the new Health Care Exchanges, often referred to as “Obamacare,” has confused many Medicare recipients. Here’s the bottom line . . .
Medicare benefits are not changing under the Health Care Marketplace. Medicare’s Open Enrollment isn’t part of the Marketplace.
Julie Bataille, spokeswoman for the Centers for Medicare and Medicaid Services said, “We want to reassure Medicare beneficiaries that they are already covered, their benefits aren’t changing and the Marketplace doesn’t require them to do anything different.”
Monday, September 9, 2013
Seniors are asking some good questions about the new Health Care Marketplace and how it will impact them. The questions I hear most often are:
“Do we have to sign up like some people are saying?”
“Does the new program change my Medicare or my Medicare Advantage plan?
Frankly, the government hasn’t been very clear about seniors and the new national health care program. This is because the Health Care Marketplace will not influence how people age 65 and older and younger people with disabilities already on Medicare access health care.
“We want to reassure Medicare beneficiaries that they are already covered, their benefits are not changing and the marketplace doesn’t require them to do anything,” said Michele Patrick, Medicare’s Deputy Director for Communications.
Medicare beneficiaries will still have some decisions to make this fall. You should review your Annual Notice of Change information when you receive it this month. Seniors can change to a Medicare Advantage Plan, change their current plan, choose a Prescription Drug plan or buy supplemental Medigap plan during the Annual Open Enrollment Period between October 15 and December 7.
If you have questions on any of this, please contact me at 440-255-5700 or 888-951-6201