Many North Jersey seniors must shop for new Medicare plans
Sunday, October 20, 2013 Last updated: Monday October 21, 2013, 12:04 AM
BY COLLEEN DISKIN
STAFF WRITER
The Record
About 80,000 seniors in New Jersey enrolled in HMO-like alternatives to traditional Medicare plans need to shop for new coverage because their plans are being terminated due to changes spurred by the nation’s new health care law.
Medicare Advantage plans are being discontinued and replaced by other coverage as private insurance companies respond to funding cuts to the Medicare Advantage program. Those cuts were implemented along with the Affordable Care Act, also known as Obamacare.
More than 5,000 residents in Passaic County and 6,400 in Bergen are being notified that their plans will terminate at the end of the year, insurance officials said.
Medicare’s annual open enrollment period began Tuesday and continues through Dec. 7, but the discontinuation of a number of popular Medicare Advantage policies has prompted earlier-than-usual shopping from seniors wanting to find coverage that’s similar
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So shop. Medicare Advantage was not cheap. They may very well do better.
Glad I avoided those HMOs like the plague.