Some people in powerful positions are doing something besides pushing for cuts to Medicare and the plans that make Medicare coverage more comprehensive. Could reducing fraud actually save the Medicare, Medicare Advantage Plans and Medigap Insurance Plans we know today?
People are getting serious about stopping a few from stealing millions of taxpayer dollars that could fund Medicare. Just recently, the owner of a Dallas-area medical service provider, Jacques Roy, was charged with a massive fraud scheme. He is alleged to have bilked Medicare and Medicaid of nearly $375 million. According to authorities, this is the largest theft uncovered by a task force on Medicare fraud.
Fixing Medicare may be beyond your control, but you still have lots of options when it comes to seeing that your health care needs are covered. Did you know there are 10 different kinds of Medigap Insurance? These plans have different benefits that can be matched to your personal situation.
The selection of Medicare Advantage Plans has many options, too. You may be wondering why there are so many choices. Medicare Advantage Plans replace the government version of Medicare with policies from private health insurance companies. They’ve come up with lots of ways to do that. Medigap Plans fill in the gaps in traditional Medicare rather than replace it, and these plans are also offered by private insurance companies. If you need help sorting it all out, just give us a call. Confidential consultations are free and can be arranged to fit your schedule.
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.