Seniors, is it your right and responsibility to stay informed!

We continually urge our readers to stay up-to-date on the latest government policies that could affect seniors directly. Knowing where our government reps stand on Medicare, Medicare supplement insurance (Medigap plans), and healthcare in general is crucial, regardless of where you stand or what your party affiliation might be. We as seniors must stay informed. It’s the only way to know what our options are and how we might be affected in the future.

Recently, in a White House press briefing, Secretary of the Treasury, Tim Geithner, spoke directly about Medigap policies and how they might play into future budgetary changes:

“There are a number of provisions in here that will mean that beneficiaries will have a different set of incentives. Right now, if you’re on Medicare and you take a Medigap policy to protect you for first-dollar coverage, the extra cost that comes from that is completely distributed through the system. We’re saying it ought to be built into the premium you pay. We have extra deductibles phased in. We have co-payments on post-acute care — that means home care services.”

“This is serious stuff. It’s not the kind of stuff you would choose to do if you weren’t tightening your belt. But we do it in a fair way. We say it’s not going to affect people who are currently retired; it’s going to affect new retirees, and it will take effect after 2017. You look over 20 years, very substantial savings.” (from White House Press Briefing)

We have said it before, and we will say it again. Regardless of what side of the political debate you’re on, it’s crucial that you stay informed and that you’re aware of where government officials stand on the future of Medicare and Medigap Insurance, as well as the decisions they are making that could directly affect your healthcare coverage.

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Related Medicare Supplement Posts:

1. Medicare Supplement Insurance for Seniors : Medigap Plans
2. Medicare Insurance Beneficiaries Pay Too Much for Medicare Supplement Insurance
3. An Overview of Medicare and Medicare Supplemental Insurance Plans
4. Medigap Limits – Will It Cost Seniors Money
5. Compare Medicare Supplemental Insurance Rates and Plans from Multiple Companies Instantly.