Medicare insurance: I understand that you can assign your Medicare/Medicaid and eliminate private insurance.?

Question

One company said itheir policy would eliminate the ~$190/month Blue Cross Blue Shield is charging.

I'm confused.

Answer 1

You need to learn more about Medicare - for those over 65(and the difference with Medicaid - for the poor).

Medicare has a lot of holes (deductibles and copays). Medicare Supplements from private companies fill in some of these holes. There are also Medicare Advantage plans from private insurance companies that offer more benefits than Medicare alone. You will have to find one of these plans that is available in your state.

Talk to more than one agent.

Good Luck

Answer 2

I work for the largest Medicare Advantage plans in the US. It is true that a lot of plans eliminate the premium, but there are a lot of variables. Being state and county specific on benefits. Some counties have great plans, others...not so good. Just be sure you have a wide range of Doctors and Hospitals that accept the plan. If you are on medicaid, it is due to income level being low and you should not have to pay a premuim.

Medicare advantage plans can be a good thing for you, just find an agent you can talk to. By law, they cannot put you into a plan that puts you in a worse situation than your current one. But the key is to find a good agent who listens to you and them offers you a choice and explains the advantages and disadvantages of Medcare supplements and Medicare Advantage plans.

Answer 3

I work with Medicare and it sounds like what someone is trying to get you to do is buy a Medicare Advantage plan that will replace your Medigap policy. If this is the case, be careful. If you are in good health, it may make sense, but there are a lot of out of pocket expenses with a Medicare Advantage that you do not have with the Medigap policy. Look it over very carefully before you decide.

Answer 4

I just retired. I now have Medicare/Medicaid and use my original company's medical plan as a supplemental insurance. It has a drug plan and would cover medical cost not covered on Medicare/Medicaid. As a supplemental the premium per month has been reduced. I would not eliminate my private insurance.

Answer 5

I work in Medicaid/Medicare insurance, are you talking about a part 'D' plan?

your not making sense, but id be glad to help you

[e-mail]

Answer 6

Well, Call the state insurance department to make sure that their company is licensed to sell insurance in your state, and look the company up on AM Best to make sure it's financially solid, because that sounds like one of the newest & greatest health insurance scams going. "Buy our product and save TONS on your health care costs!"

Oh, and call the BBB also.