How Health Care Reform Changes Medicare

We already posted some of the ways the health care bill will change Medicare and Medicaid. Over the past week, however, analysts have uncovered even more ways the bill will provide health coverage to more individuals, and how it will change existing coverage.

Medicare

According to the AARP “All guaranteed Medicare benefits are protected in this bill,” meaning individuals should not lose coverage.

As previously mentioned, annual wellness visits and some preventative care services will be covered. Preventative services include screenings for various cancers, That coverage, however, will not start until next year. After 18 months of coverage, individuals will have access to a comprehensive risk assessment and a free personalized prevention plan.

The prescription coverage “doughnut” will also shrink between now and 2020, when the doughnut is effectively closed. In 2020, consumers will only pay 25% for drugs, and once they reach a certain level of payments, they only pay 5%. Under the current system, individuals are initially covered, then have to pay approximately $3,610 before coverage kicks in again.

Pre-existing conditions

Starting in July, individuals who have been unable to get coverage because of a pre-existing condition can get coverage through the government until 2014. Starting in 2014, insurers cannot deny coverage on the grounds of a pre-existing condition.

(photo: jurvetson)

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sellasettlement July 15, 2011 at 9:50 PM

With the medicare and social security taking up almost half the budget, it’s a really scarey thing. However, it’s our money. I just don’t know if I can get a grip on my parents and grandparents potentially losing their medicare and social security checks in the future. I thin we sell ourselves short. America can settle this issue if we all work together,and the settlement better be a great one. God Bless America!

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