Medicare beneficiaries may face a scary health care coverage battle in 2010 as the Center for Medicare and Medicaid Services (CMS) is planning on cutting payments for cancer treatment. Beginning in January of 2010, CMS will cut payments for the major components of cancer diagnosis and cancer treatment, including payments for chemotherapy, consultations, diagnostic imaging, and therapeutic radiation.
Additionally, payments for the administration of cancer medications will be cut by five percent. By 2013, further Medicare coverage cuts for cancer diagnosis and treatment will be cut by 20 percent. Many experts worry that these cuts will undermine the quality and availability of health care for Medicare beneficiaries seeking cancer treatment.
This is not the first time that Medicare coverage has been cut for cancer treatments. Every year since 2004, Medicare reimbursement to oncologists for cancer medication administration has occurred. These cuts have totaled 25 percent in reimbursements since 2004 alone.
Medicare beneficiaries wishing to receive the most possible Medicare coverage may want to consider enrolling in a Medicare Supplemental insurance plan or a Medicare Advantage plan. These Medigap plans may provide more suitable coverage for all medical expenses. Contact us today to learn more about what types of treatments are covered by different Medigap insurance. We look forward to talking with you about your options and plan availability that will help you save money and continue to receive suitable health care coverage.
Jim McFadden has over 11 years of executive-level experience in the health insurance industry, is a youth baseball, softball and football coach, and has one of the worst fantasy football records in the world.