Lapeira & Associates LLC Blog
The Center for Medicare Advocacy aims to ensure that the Affordable Care Act (ACA) is fully implemented for seniors and persons with disabilities who rely on us. The Affordable Care Act (ACA) has already improved Medicare. Among other things, progressively addressing the Part D doughnut hole and giving certain free preventive treatments.
Despite the ACA's passage into law in 2010, several of its most significant provisions have recently begun to take effect.
About the Affordable Care Act
The Affordable Care Act's (ACA) primary goals were to expand health insurance to people under age 65, enhance the quality of the healthcare medical establishment, and reduce rising healthcare costs. Some bills aim to improve Medicare, but they have received less attention.
It strengthened Medicare's preventive services and pharmaceutical coverage under the ACA. It sets in motion ambitious trials of new payment mechanisms to improve the quality of care received by recipients and, by extension. Every person must have access to health insurance that matches the law's essential coverage requirements, whether via work, veterans' benefits, or other means.
The Impact of the Affordable Care Act on Medicare
There are many significant ways in which the Affordable Care Act broadens Medicare coverage:
The Medicare Part D Prescription Drug Plan will only pay up to a certain amount for your prescription medications during the coverage gap. Once a particular threshold is reached for the beneficiary and plans to spend on approved prescription medications, the coverage gap kicks in.
The Affordable Care Act lowers the cost of prescription drugs in the coverage gap, where patients previously had to pay the full retail price. Thanks to reductions from pharmaceutical companies and government subsidies.
As time progresses, the share of covered prescription medication expenditures that Medicare beneficiaries (who have entered the coverage gap) are liable for will decrease until the coverage gap (or "donut hole") is eliminated in 2020.
All Medicare recipients, including those with Medicare Advantage plans or Original Medicare, are eligible for the Affordable Care Act's increased preventative coverage under Medicare. But suppose you're looking for more comprehensive health coverage.
In that case, Medicare Advantage plans often provide extras like regular eye and dental treatment, wellness programs, and prescription medication coverage in addition to what Original Medicare provides.
At Lapeira & Associates LLC, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. If there's anything more you need, we'll do our best to meet it. For further knowledge on how we might be of assistance to you, don't hesitate to contact our agency at (855) 963-6900 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!
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