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Saturday, October 20, 2012

Medicare Open Enrollment: Will Obamacare End Medicare Advantage?

Q. I keep hearing rumors that the federal government will stop reimbursing Medicare Advantage plans in a year or two and people insured under these plans will have to look for new insurance. What do you know about this matter?

A. Variations of this question arrive in my mailbox on a regular basis. This rumor is not true. Medicare Advantage is not being eliminated. In fact, since the Affordable Care Act was signed into law in 2010, enrollment in these plans has risen from 24 percent of all Medicare beneficiaries to 28 percent. Not only that, but the quality of the plans available to consumers is going up.

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