Comments on: Will My Medicare Supplemental Insurance Rates Be Higher Under The Affordable Care Act?

By: Rose M Holmes

Rose M Holmes — Thu, 27 Dec 2012 16:32:46 +0000

Your age changed + this was going on before Obamacare. Check other plans.. the different plans(C-D-F-etc) are the same at all insurance companies, but they can CHARGE whatever they want. 10 years ago mine went from $138. to $220. until I found I could leave United and go with MONY & save $75. per month! I changed every 2-3 years to reduce the monthly amounts. Good Luck!!!

By: Peter Pope

Peter Pope — Tue, 04 Dec 2012 14:48:34 +0000

To state that medicare supplement premiums will go down in 2014wil have to be seen but have you checked what the premium rates have done since Obamacare was passed. My supplement went from $138 in 2010 to $162 in 2011 to $210 in 2012. An increase of over 50% in two years.

What are your thoughts on that?

By: purchase beats

purchase beats — Mon, 22 Oct 2012 11:42:14 +0000

Attractive element of content. I just stumbled upon your site and in accession capital to claim that I acquire actually enjoyed account your weblog posts. Anyway I’ll be subscribing on your augment and even I success you get right of entry to constantly fast.

By: Dennis Byron

Dennis Byron — Sun, 09 Sep 2012 22:02:31 +0000

According to MedPAC, the nonpartisan Congressional watchdog agency dedicated to Medicare:

“The Patient Protection and Affordable Care Act of 2010 (PPACA) directs the National Association of Insurance Commissioners (NAIC) to revise standards for medigap policies Plan C and Plan F. These standard (Medigap plan) types are the only ones that cover all Medicare Part B cost sharing. The new law requests the NAIC to revise Plan C and Plan F standards to include requirements for nominal cost sharing to encourage the appropriate use of physicians’ services under Part B. New standards are to be based on evidence published in peer-reviewed journals or current examples used in integrated delivery systems. NAIC’s revised standards are, to the extent practicable, to be in place as of January 1, 2015.”
(See June 2011 MedPAC report to VP Biden/Speaker Boehner)

So although premiums might not be higher then they otherwise would have been, benefits would be cut by the Affordable Care Act as described above according to MedPAC. Seniors could no longer buy a Medigap policy that covers all gaps.

The real question then becomes whether seniors will be allowed to buy another private policy of some kind to make up for these benefit cuts by the Affordable Care Act to Medigap… at any cost. The answer appears to be “NO!”