How Will Seniors Be Affected By The New Reform Bill?
The question “How will seniors be affected by the new reform bill?” has been on the minds of seniors, since mention was first made of it. Seniors have found this issue troubling. To provide some piece of mind, a concise explanation will be provided.
How Will Seniors Be Affected By The New Reform Bill? The Advantages
Seniors will be elated to know that the new reform bill will provide help for them in a number of ways. For instance, while going through the “doughnut hole,” which is the gap in prescription coverage that Medicare recipients fall into when they reach a certain point in their coverage, seniors will receive help with their drugs. Wellness visits will be covered one hundred percent, and preventative care will be free.
How Will Seniors Be Affected By The New Reform Bill? Cuts on Government Funding for Medicare Advantage Care Plans
The downside to the new reform bill is that government funds will be cut for Medicare advantage care plans by $132 billion over the next ten years. Seniors who are insured by these advantage care plans will lose many of the benefits that they have that these specific plans offer, such as free eyeglasses. The budget cuts to these Medicare advantage care plans will be phased over a period of three years, beginning in 2010.
How Will Seniors Be Affected By The New Reform Bill? Other Benefit Cuts
While there are a number of enhancements to the traditional Medicare program, there are other benefits that will be cut that will affect seniors deeply. For one, the budget for home health care will be cut by $40 billion. This will be fazed over a ten year period—from 2010 to 2019. Hospital benefits will be cut by exactly half that amount within the same period.
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