Month: August 2021

Medicare Advantage program

How Is the Medicare Advantage Program Funded?

The Medicare Advantage program serves as an excellent alternative to Original Medicare, in which health care coverage is usually provided by private insurance companies and reimbursed by the federal government. The program has two different funding sources: the monthly premiums of beneficiaries and the Centers for Medicare & Medicaid Services (CMS). The CMS usually pays …

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disadvantages of Medicare Advantage

What Are the Disadvantages of Medicare Advantage?

Approximately 10,000 baby boomers turn 65 every day, becoming eligible for Medicare.  Although most of these seniors still choose Original Medicare for their insurance needs, approximately 34% of them choose to enroll in Medicare Advantage. While Original Medicare is funded and run by the federal government, Medicare Advantage plans are run by private insurance companies …

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