Of the many questions the implementation of the Affordable Care Act has raised, America’s seniors are especially concerned with the following: How does the Affordable Care Act affect Medicare? Will there be any changes in service, fees, care options? Do I need to shop for Medicare through the state or federal exchange? The answers to these questions can be found in this blog.
The Affordable Care Act and Medicare
Do I Need to shop for Medicare through the exchange?
Much of the confusion regarding the Affordable Care Act comes from the idea of the insurance mandate that everyone in the US must purchase health insurance through a federal or state exchange. However, the process of enrolling in Medicare is not done through the exchange. It is done as it always has been through open enrollment. You do not need to (nor can you) sign up for Medicare through the health insurance exchange.
Are there any changes in service?
There are a few service changes, and you’ll be happy to know that they’re beneficial to you. Thanks to the Affordable Care Act, Medicare covers preventative care such as mammograms or colonoscopies, and you don’t get charged for coinsurance or a deductible under part B. You also get a free yearly wellness visit which is essentially a basic checkup and an opportunity to develop an individualized preventative care plan with your healthcare provider.
Do I need to pay more?
The vast majority of people will not need to pay more for Medicare coverage. Individuals who make more than $85,000 and couples who make more than $170,000 will see an increase in Part B premiums, but other than that there no changes in rates. In fact, “in 2012 most Part B Medicare policyholders saw a reduction in Part B premiums due to reforms under the ACA. In addition, the deductible went down for the first time in Medicare’s history.
About Global Premier Benefits
Global Premier Benefits offers education for seniors on healthcare options available to them that could improve their quality of life and defray their healthcare costs as well. We have agents and clients in more than 16 states, including the District of Columbia. Our goal is to enable seniors to live healthy, rewarding lives without compromising their finances. If you’re interested in learning more about how the Affordable Care Act affects Medicare, don’t hesitate to contact us today. Please follow us on our blog for weekly information on seniors and health care. You can also keep up with Global Premier Benefits on Facebook, Twitter, Google+, YouTube, and Pinterest.
Tags: Affordable Care Act