Q)What is the Medicare Modernization Act, and how does it affect me?
A)If you are not age 65 or receiving Social Security due to disablity, this law does not affect you yet. This is the new Prescription Drug plan that President Bush promised to get passed if elected. For those eligible for Medicare, this is called Part D. The benefits will be priced and made available through private insurance companies and HMO's. The enrollment period begins Nov 15, 2005. For more detailed information, please view the website for the National Association of Health Underwriters. www.nahu.org. If you are an employer that offers Health Benefits, then you are required to inform your medicare eligible employees of their rights regarding this benefit. Here is the NAHU link for employers.
http://www.nahu.org/government/issues/medicare/employer.htm
Sunday, September 25, 2005
Tuesday, September 06, 2005
Private Insurance vs. Socialized Medicine
Q) What is the difference between Private Insurance and Socialized Medicine?
A) The short answer is that with Private Insurance, premiums are paid to a business that pays for medical claims as outlined in a contract, as opposed to government controlled coverage whereby the premiums are paid in the form of taxes.
Q) So which is better?
A) This is an ongoing debate. I can give lots of reasons that private coverage is better most of the time. What is your opinion?
A) The short answer is that with Private Insurance, premiums are paid to a business that pays for medical claims as outlined in a contract, as opposed to government controlled coverage whereby the premiums are paid in the form of taxes.
Q) So which is better?
A) This is an ongoing debate. I can give lots of reasons that private coverage is better most of the time. What is your opinion?
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