Re: IBM $3,000 Heath Care subsidy terminated effective 1/1/2023
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Yes Big AL, anytime you see paid advertising such as your example of Joe Namah that you mentioned, you can be sure there is a profit motive.? However, most if not all Medigap companies advertise their products; the F, G, and N as well as many others are also a for profit business and those usually have changes each year; some offer plans outside the standard dozen or so defined by Medicare.? Here in Alabama one of the most popular plans is by Blue Cross and is called a Blue Cross C+ plan which is defined by Medicare as a "Select" plan. My wife and I have both used it although I am currently experimenting with an Alabama only Advantage plan that has worked perfectly for me this year with no premiums and only $25 for a Specialist visit and free for a PCP.? Meanwhile, I pay $206/month for my wife to have the Blue Cross C+ because she feels more comfortable knowing she has NO copays; i.e. I'm paying $2,400/yr for her to have no Copays; BC will probably pay less than $500/yr for her and pocket almost $2,000 in profit... Remember, Medicare pays 100% of some things, and 80% of the discounted rate on others leaving you or your Medigap plan responsible for the 20% of those that Medicare has to pay the 80% for.? Your Medigap provider is "secondary" meaning they make NONE of the medical coverage decisions and should have NO contact with your providers other than sending them a check for the difference between the 20% copay and your copay, if any.? You will encounter medical providers who say they don't accept certain providers; that is not their decision to make unless they are saying they won't accept Medicare.? Insurance is complex, and providers do a poor job of educating their staff who greet customers coming for service.
Huel? ??
Correct. The government, insurance companies, Joe Nameth, etc have been pushing and incentivizing people to go to Advantage.
Advantage plans are being unfairly subsidized to trick people into a privatized and FOR PROFIT Medicare. That's enough of a
reason for me to turn-and-run and stick with my plan G. Please read NLRN.org for lot more information. Do not trust IBM.
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