Since 2003 when Congress passed the Medicare Modernization Act (MMA), Medicare Advantage Plans have blanketed the country with television and print advertising about how Americans can save by signing up for a Medicare Advantage Plan. Approximately 30 percent, 15 million of all Americans eligible for Medicare have elected to trust an insurance company with their Medicare coverage rather than the government. Medicare Advantage Plans are administered by private insurance companies who believe … [Read more...] about Medicare Advantage Plans The Pros And The Cons
Medicare
Revocable And Irrevocable trusts
A trust by definition is a stand alone instrument which is a legal entity. The details of the trust are devised by you in conjunction with consultation from accounting and legal professionals. State and federal laws must always be considered when doing any type of estate planning. Trusts have gained favor in recent years. An estate planning professional who knows your wishes along with accurate financial details of your estate can assist in determining if a revocable or irrevocable trust … [Read more...] about Revocable And Irrevocable trusts
Medicare Cuts Proposed For 2015
The Medicare and Medicaid Services department has issued a preliminary report in which insurance analysts calculate cuts to the Medicare Advantage program would equal 1.9% for 2015. This figure is based on analysis of a 148 cost assessment report for the private pay Medicare Advantage plan issued by Medicare. The final rates will be released on April 7, 2014 to be effective in 2015. What is Medicare Advantage? Medicare Advantage is a privately purchased insurance plan which offers Part … [Read more...] about Medicare Cuts Proposed For 2015