Speaker
Diane Omdahl
Session Details
Medicare in 2024: Promises vs. Reality
Finance & Insurance
Date: Tuesday, August 27, 2024
Time: 12:45 pm
Session Learning Objectives:
- Explain two ways the Inflation Reduction Act can actually increase drug costs.
- Identify three facts about Medicare Advantage plans that everyone should know before deciding to enroll.
- Describe two issues of concern about prior authorization.
You’ve seen the headlines with all the Medicare promises.
- The Inflation Reduction Act (IRA) is saving seniors millions through lower drug costs, stable premiums, drug rebates, and negotiations.
- Over 50 percent of beneficiaries are enrolled in Medicare Advantage plans; many of them because of the lower premiums and extra benefits.
- Get a plan that lets you see any doctor you choose.
- CMS rejected over 1,000 Medicare Advantage television commercials in eight months.
- CMS’ rules will streamline prior authorization, and plans are reducing the number of procedures on their lists.
Is it any wonder that seniors expect great things to happen this year? Unfortunately, go beyond the headlines and into the details. You’ll discover that the IRA will likely cost many others more money. Those who elect Medicare Advantage because of premiums and benefits feel “trapped” when they get sick. The efforts to reduce prior authorization make for good PR but may not relieve the problems. The commercials are changing but deceptive marketing is still out there. This session will give you the tools to help your clients, friends, family, and you get past the promises and deal with the realities of Medicare.