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...
Needham Mitnick & Pollack, PLC
Susan Pollack served as Chairperson of the Falls Church Senior Citizens Commission from 1997 to 2011 and was on the Executive Board of the Falls Church Education Foundation. She has also served on the Board of Directors of the Alzheimer’s Association of the National Capital Area and is a member of the Arlington B...
Hale Ball Carlson Baumgartner Murphy PLC
Attorney Samantha Simmons Fredieu is an associate at Hale Ball. Ms. Fredieu graduated magna cum laude from Vermont Law School where she was the symposium editor on the Vermont Law Review, a production editor on the Vermont Journal of Environmental Law, and a member of the Moot Court Advisory Board. She has clerked for...