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What are the pros and cons of medicare for the workforce reaching retirement?
Wiki User
∙ 11y ago
The financial funding for medicare is stretched severely. Medicare will continue to be the main source for healthcare for the aging population. It will provide access to good doctors and healthcare systems, however the cost sharing will increase and the benefits paid will probably decrease.
Wiki User
∙ 11y ago
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What are the pros and cons of a medigap plan?
Pros of a Medigap Plan would be very flexible with traveling, no referrals needed to see specialists, some plans like Plan F covers all the gaps original medicare does not cover. Cons would be does not come with Part D prescription drug coverage must be added separately. More expensive then a Medicare advantage plan. These are just a couple of pros and cons of course.
Pros and cons of having women in the workforce?
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What are some pros ans cons for a physician becoming a participating physician in Medicare?
The pros are that you will be able to treat Medicare patients. You will be able to accept new older patients and continue to treat current patients as they turn 65 and enroll in Medicare. The cons are that participating in Medicare forces you to obey a lot of rules and regulations. The strange thing is that many of these rules and regulations apply to your entire practice and so even to patients who are not enrolled in Medicare. The major con is that Medicare pays poorly. One of their regulations is that you must offer Medicare your lowest fee so they are by definition always the absolute lowest payer. Many offices find that they do not pay enough to cover expenses but they agree to still see the patients despite losing money as a public service. Unfortunately, if the government cuts the fees further, as they are constantly threatening to do, more and more offices will decide they can no longer afford to do this service.
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What are the pros and cons of a Medicare advantage plan?
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Pros: Refugees bring diverse perspectives and cultural exchange, contribute to workforce and economy, and often enrich communities with their resilience and determination. Cons: There may be challenges in terms of integration, strain on resources, and potential security concerns in host countries. Prejudice and discrimination against refugees are also common issues they face.
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Absolutely. Classic places for ex-cons to start to re-establish themselves in the workforce include restaurant kitchens (working as cooks or dishwashers), in factories, as roofers, and in warehouses.
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Who has the best and cheapest medicare supplement coverage?
The "best" Medicare coverage depends on your individual medical needs. In other words the best plan for you may be a bad plan for someone else. Medicare regulates the plans offered by the companies, so no company is really better than another. As far as the "cheapest" there is competition between companies on prices, but it really depends on the county and state where your reside, and what type of plan you choose as to what your actual cost will be.A Medicare Advantage Plan basically replaces your use of Traditional Medicare. You still must pay your Medicare Part B premium that is automatically deducted from your Social Security check, that will not stop when you purchase the Medicare Advantage Plan. The following types of Medicare Advantage plans are available, but not always available depending on your county and state of residence:HMOPros can be zero or very low cost to you per month, predictable co-pays like $10.00 or $15.00 for doctor's office visits, and lower cost hosptilization than Traditional Medicare, no deductibles, and most will include your Medicare Part D Prescription Plan. Cons can be a restricted network of doctors that you must use, no maximum out of pocket limits, and some plans may resort to the old "referrals" to see a specialist.PPOPros can be low cost to you per month, predictable co-pays like $15.00 or $20.00 for doctor's office visits, you can go in or out of network, no deductibles when you stay in network, no referrals for specialist, lower cost hosptilization than Traditional Medicare, an established maximum out of pocket, and most will include your Medicare Part D Prescription Plan. Cons can be if you do go out of network you'll pay a deductible first before the cost is split by a percentage between you and the insurance company.PFFSThis is a "Private Fee For Services" Plan. First the Cons: The single most important thing to remember about PFFS is the fact that you must contact the doctor or hospital FIRST to see if they take the plan. Even before you make an appointment to see a doctor, the doctor must tell you that they do indeed accept the terms and conditions of the plan.The pros are similar to the PPO, it works basically the same. The monthly premiums are typically higher than the PPO, but less than adding a supplement.ONE_MORE_THING!">ONE MORE THING!Now, there are pros and cons when comparing the Medicare Advantage Plans to Traditional Medicare with Medigap, or a Medicare Supplement attached to it. Medigap, also called a Medicare Supplement, basically pays the portion of medical expenses that Medicare expects you to pay. Medicare is an "80/20" plan, meaning Medicare pays 80% of the bill and you pay 20% of the bill. Medigap can pay the 20% for you. Depending on which Medigap plan you choose, the plan can also pay the (2009) $1068.00 hositalization deductible for you and the $135.00 doctor's office deductible for you. Medigap plans have a monthly premium range anywhere between $80.00/month to $300.00/month, depending on your zip code.Medicare Supplement Plan F is considered "the Cadillac plan" as it covers almost everything that Medicare, itself, does not cover. This is also the most expensive Medigap plan.Medicare Supplement Plan G is often 10% lower in cost than Plan F and is exactly the same as F, except that the member must first pay their Medicare Part B deductible each year when seeing the physician for the first time. For 2011, this deductible is $162 for the year. The savings for going with Plan G are often in the $150 to $300 per year range. This means that Plan G is often the best choice for value.Medigap (Medicare Supplement) plans are all standardized, meaning that they are the same, exact, plans from company to company. The only difference is the amount of premium each company charges for the same coverages. Claims cannot be individually denied and are paid based on whether or not they were Medicare-approved claims. That is the only criteria.
