Soon borrowers will have to pass a financial assessment before they can take out a reverse mortgage.Read more
Medicare HMO Lock-In Is Scheduled to Take Effect July 1
- May 12th, 2006
After June 30, 2006, seniors enrolled in a Medicare managed care, such as an HMO, will not be able to switch plans or move to original Medicare during the year. The lock-in has been postponed twice, but starting July 1, 2006, managed care enrollees will be able to change plans only once a year between November 15 and December 31. Previously, enrollees in Medicare managed care plans, also called Medicare Advantage, have been able to switch plans whenever they wanted to.
The lock-in means managed care participants will be unable to change plans even if their doctor leaves the provider network or a network hospital doesn't offer the specialty care they need. According to an article in the Cleveland Plain Dealer, there are several bills in Congress that would remove or postpone the lock-in, but the Bush administration is opposed to any changes.
For the Plain Dealer article, click here.
How good a deal are Medicare Advantage plans? A recent study by the Commonwealth Fund concludes that they may not always be better than regular Medicare for sicker beneficiaries who use more health services. For details, click here.
For more information on Medicare managed care, click here.
Local Elder Law Attorneys in Ashburn, VA
The Law Firm of Evan H. Farr, P.C.
In practice since 1987, Fairfax Attorney Evan Farr is widely recognized as one of the leading Elder Law, Estate Planning, and Specials Needs attorneys in Virginia and one of foremost experts in the Country in the field of Medicaid Asset Protection and related Trusts. Evan Farr has been quoted or cited as an expert by n...
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
Ron M. Landsman, P.A.
Ron M. Landsman has been practicing elder law since 1983, before it was known as elder law, originally with Landsman and Laster, Washington, D.C., then Landsman, Eakes and Laster, also in Arlington, VA, and since 1990 in his own practice in Montgomery County, Maryland. He has been among the most active members of the...