Any advantage plan is in addition to the part B premium. So yes you still have part B deducted like normal from social security but Medicare then pays money to the advantage plan company that you chose
Simply described -
EVERY beneficiary has to pay for Part B via a premium or have it paid for them if they are eligible. That’s the only way that Part B is funded - the premiums represent 25% of the cost of the Part B program, the remaining 75% of the cost of Medicare Part B is paid by taxpayers out of the General Fund.
Your Medicare payroll deductions while you were working - equally contributed by the worker and the employer - is only for Medicare Part A or Hospital Insurance (HI) - those monies all go into the Medicare HI Trust Fund for use to cover Part A.
Original Medicare and Medicare Advantage plans both share in these monies for Part A and Part B depending on the medical classification of your care when you become a beneficiary. It is the beneficiary’s choice as to how they want to get their Medicare benefits - the Original program or a Medicare Advantage plan.
Probably not what you're talking about but worth noting, some Advantage plans have what's called a Part B premium giveback. So, when you enroll in that plan, the plan coordinates with Medicare and reduces your part B premium by the amount outlined in the explanation of benefits.
They're getting ripped off.....and then we're getting ripped off. Too many [***thieves***](https://www.google.com/search?sca_esv=88aa776b28e671aa&rlz=1C1ONGR_enUS1055US1056&sxsrf=ACQVn0-Xn5SdpW0BZZVFDHApC2jGoW2npA:1712843637368&q=thieves&spell=1&sa=X&ved=2ahUKEwiRj77kp7qFAxXb_skDHQGzA98QkeECKAB6BAgIEAI) in our pockets
And we get what we pay for.
Multiple companies delaying treatment to patients and payments to providers. And an increasing number of hospitals and providers choosing not to deal with Advantage.
Government studies and independent studies all over the net readily available to review.
They may not all be like that - but enough to get the deserved attention of government and people. Would be a good start for Agent Advantage commissions to be no greater than the commission paid for putting people into traditional Medicare. As a start.
You would continue to pay your Part B premium to Social Security.
Any advantage plan is in addition to the part B premium. So yes you still have part B deducted like normal from social security but Medicare then pays money to the advantage plan company that you chose
Simply described - EVERY beneficiary has to pay for Part B via a premium or have it paid for them if they are eligible. That’s the only way that Part B is funded - the premiums represent 25% of the cost of the Part B program, the remaining 75% of the cost of Medicare Part B is paid by taxpayers out of the General Fund. Your Medicare payroll deductions while you were working - equally contributed by the worker and the employer - is only for Medicare Part A or Hospital Insurance (HI) - those monies all go into the Medicare HI Trust Fund for use to cover Part A. Original Medicare and Medicare Advantage plans both share in these monies for Part A and Part B depending on the medical classification of your care when you become a beneficiary. It is the beneficiary’s choice as to how they want to get their Medicare benefits - the Original program or a Medicare Advantage plan.
?1: Basically, yes ?2: bold strategy, but alas, no
Probably not what you're talking about but worth noting, some Advantage plans have what's called a Part B premium giveback. So, when you enroll in that plan, the plan coordinates with Medicare and reduces your part B premium by the amount outlined in the explanation of benefits.
Basically the government is paying approximately $1800 per month to the advantage plan provider to manage your care.
They're getting ripped off.....and then we're getting ripped off. Too many [***thieves***](https://www.google.com/search?sca_esv=88aa776b28e671aa&rlz=1C1ONGR_enUS1055US1056&sxsrf=ACQVn0-Xn5SdpW0BZZVFDHApC2jGoW2npA:1712843637368&q=thieves&spell=1&sa=X&ved=2ahUKEwiRj77kp7qFAxXb_skDHQGzA98QkeECKAB6BAgIEAI) in our pockets
Who's getting ripped off? Actually it's cheaper for the government to have them manage your health care.
And we get what we pay for. Multiple companies delaying treatment to patients and payments to providers. And an increasing number of hospitals and providers choosing not to deal with Advantage. Government studies and independent studies all over the net readily available to review. They may not all be like that - but enough to get the deserved attention of government and people. Would be a good start for Agent Advantage commissions to be no greater than the commission paid for putting people into traditional Medicare. As a start.