Medicare to Pay Insurers $13 Billion More for Advantage Plans in 2027 -- Will Your Coverage Actually Improve?
While you'll have to wait until October, here's how to find out whether any of those funds are being passed down to you.
Overview
The federal government has announced it will boost payments to private insurers running Medicare Advantage plans in 2027 by $13 billion. The question now becomes whether that increase will benefit the roughly 35 million Americans enrolled in Medicare Advantage.
As you planned for retirement, you probably never thought to factor in the moving target that healthcare costs represent -- a fact that makes knowing what to expect even more important. While no one can give you a definitive answer until October, this article will cover how Medicare Advantage plans have utilized payment boosts in the past, what their legal obligations are, and what to look for during this year's open enrollment.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.