“Medigap” insurance plans shield the elderly, many of whom live on fixed incomes, from expensive deductibles and other costs not covered by the traditional fee-for-service Medicare healthcare program.
According to the report, the super committee has been tasked with trimming the federal budget deficit by at least $1.2 trillion over 10 years. Proposals to limit Medicare supplemental health plans have been included in a number of deficit reduction packages, including one proposed by President Barack Obama.
Of the approximately 46 million Medicare enrollees, about 9 million have signed up for one of 10 standardized Medigap plans. Many of those enrollees participate in plans with no deductibles or cost-sharing requirements, according to the report.
Related Articles on Billing, Coding and Collections:
Surgery Centers Continue to Push Back RAC Informational Requests
ASC Leaders From CA, FL and TN to Meet With Congressional Delegations
More Insurance Companies Using Social Media to Identify Fraud
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
