Anytime you reward an entity monetarily for an act you run the risk of having them extort loopholes or commit outright fraud. We have Medicare fraud, waste, and abuse regulations to hopefully curb that desire, but still, we see this behavior break through from time to time. Most recently there
There are two main ways beneficiaries can get their Medicare coverage: either through Original Medicare (Medicare Part A and Part B) or Medicare Advantage (Medicare Part C). However, you may need to get extra benefits like a Medicare Supplement (Medigap) plan or Medicare Part D prescription drug plan. If you’re
The Medicare Advantage Lasso plan is a type of Part C plan provided by Lasso Healthcare. It is a Medicare Advantage Medical Savings Account plan. In this type of plan, the insurer deposits money from Medicare into the beneficiary’s medical savings account. The beneficiary then decides the health services they
Medicare Medical Savings Account (MSA) plans function as high deductible Medicare Advantage plans with an additional savings account component to help pay your out-of-pocket costs for medical care. Savings Account The savings component is similar to Health Savings Account plans from the private marketplace. Your plan deposits money from Medicare
Special Needs Plans are a type of Medicare Advantage plan that coordinate care benefits (as CCPs) specifically to suit those with certain special needs. Membership is limited to those that meet specific criteria. The beneficiaries of these plans are institutionalized, dual eligible for Medicare and Medicaid, or suffering from a
Medicare Part C is Medicare Advantage: plans which bring you the coverage of Part A and Part B through a private insurance company. Often these plans will have additional coverage for prescription drugs or dental, hearing, and vision care. Those are some of the major coverage gaps in Part A
