Sunday, May 24, 2009

Medicare benefits slated to change

Big changes are coming to Medicare benefits received through some private plans, so experts urge participants not to wait for enrollment season this fall to learn what they'll need to do. The changes affect private insurers that provide coverage to Medicare enrollees under programs known as Medicare Advantage plans, which can sometimes offer a larger array of benefits for certain enrollees.

Frustrated by higher costs associated with the alternative program, the Obama administration recently put providers on notice that reimbursements could fall and plans with low enrollment could be scrapped next year as the nation deals with financial issues in Medicare and Social Security. If you're one of the more than 10 million seniors enrolled in the plans -- or you are considering enrolling -- here's what you need to do before open enrollment begins Nov. 15...
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