debbiedowner
Gold Member
- Feb 12, 2017
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$800 per month taken from his SS.What Medicare Advantage plan do you have and how much is it? Why is Medicare sending them 800 a month??
I have Optimum Health plan out of Tampa FL.
Here is a directory freely available from Medicare of ALL the MA plans.
CMS1211780 - Centers for Medicare & Medicaid Services
Down load and you can for yourself.
Now to answer your really DUMB question? Why is Medicare sending them $800/month???
GEEZ! My MA plan signed a contract after Medicare investigated their proposal that my MA plan could pay ALL my health claims now and in the future
with $800/month payment from Medicare. That's it!
Now Medicare doesn't have to worry about processing claims. Fraud. They simply write a check for $800/month and my MA administers my Medicare needs.
That's it!
Now if you look at the above directory you will see there are 49,637 other plan members like me.
In total there are 19,631,352+ members in all the nearly 674 plans.
So there are your facts! Deal with them!!!
So what do you pay?
So we all pay taxes, and the sweet government pays the private insurance companies. We need universal coverage and the health insurance companies can quit being the middle man. What a nightmare.
While the new Medicare beneficiary realizes a savings, the cost of the insurance doesn’t go away. Medicare funds a large portion of the insurance cost when they select a Medicare Advantage Plan or a stand alone PDP. There are costs associated with just Original Medicare but my interest was trying to find a hard dollar figures for the MA-PD and PDP plans.
Read more at How much does the Federal government pay Medicare Advantage and Part D Prescription Drug Plans?
Second: How does the Federal government pay private insurance companies for individuals enrolled in a MA-PD or PDP?
Medicare pays the Medicare Advantage Plan or Part D plan for each beneficiary who enrolls a monthly amount based on a complicated formula. The Centers for Medicare and Medicaid Services takes vast amounts actuarial data, enrollment, local cost numbers and crunches it in a formula to create capitation rates or the average amounts they reimburse plans by county.
Medicare Advantage Monthly Capitation Rates for 2012 for All Plans except PACE Plans [download id=”20″] showed Medicare Advantage Plans were paid $838 per month in Sacramento and $850 in Placer counties for plans with 4.0 STAR rating. In an effort to reward customer satisfaction and efficiency, reimbursement rates are also adjusted based upon the plan’s STAR rating. There are also other plans and special circumstances that would have CMS paying more per month on behalf of the beneficiary.
Read more at How much does the Federal government pay Medicare Advantage and Part D Prescription Drug Plans?
How much does the Federal government pay Medicare Advantage and Part D Prescription Drug Plans?
By the way... are you grossly unaware as MOST Americans are that their employer matches what is deducted for SS/Medicare from the employee's paycheck?
See most people don't seem to comprehend that their EMPLOYER matches dollar for dollar!
Yet these same ignorant people decry their employers' making any profits! These same ignorant people hate capitalism,i.e.. this single payer bullshit!
Finally you and obviously millions of others that the Obamacare architect called "the stupidity of the American voter" gave us Obamacare were so grossly uninformed
as to the gigantic lie there were as Obama said "46 million uninsured Americans"!
That was a total gross lie!
And here is why:
View attachment 121216
Hate Obamacare all you want but a good percentage of your coverage in a MAPD can be contributed to Obamacare.