Government Increases Reimbursements for Medicare Advantage Plans in 2014

Fear over the continuation of Medicare Advantage plans in 2014 was put to rest by government rulings Monday, April 1, 2013 when the Obama administration reversed a proposed 2.3 percent pay cut for private Medicare plans, replacing it with a 3.3 percent raise.

Many agents have had serious concerns over the proposed cuts that were planned for reimbursement to Medicare Advantage carriers. Thanks to the efforts of those carriers there will be the necessary funding to stabilize those plans in 2014.

Although it is only conjecture what the actual rates of plans will be, the chances of only very small changes can be assumed. That may not be as true for Medicare Part D plans but agents can look forward to a fantastic AEP ahead.

Want to learn more? Check out the article, How Insurers Flipped a Medicare Pay Cut Into a Raise on the Washington Post's website or check out the video update from SIMA (http://sima-net.com/) below.