If You Like Your Medicare Advantage Plan, You Probably Cannot Keep It

Your money has been stolen: Been paying into Medicare through payroll deductions all these years, where is it now?

About half to be forced off Medicare Advantage, contrary to everything we were told

Posted October 29th, 2010 at 4:00pm

Earlier this year, Richard Foster, the Chief Actuary for the Centers for Medicare and Medicaid Services (CMS), issued a report projecting that about half of all seniors and disabled Americans enrolled in Medicare Advantage plans will be pushed out of that program due to the new health care reform law, the Patient Protection and Affordable Care Act (PPACA).

In response to a request from Sen. Charles Grassley (R–IA) and three other Republican Senators, Foster recently confirmed that in addition to losing access to the health plan of their choice, those who are able to remain in Medicare Advantage plans will face substantially higher out-of-pocket costs as a result of the cuts to Medicare Advantage in the new law.