All is not lost when your Medicare Advantage plan terminates your coverage.
Recently, thousands in the Philadelphia area (and other areas) have been notified that their Medicare Advantage plan will terminate as of 12-31-09. While this may be particularly harsh to those on some low premium plans, subscribers in PPO's are finding they may actually be better off.
Depending on you age, and where you live, Medicare Advantage PPO subscribers are finding that a Medicare Supplement plan, also called "Medigap" may be comparable in price, have no co-pays, no doctor networks, and better out of network coverage than they had before. Many are actually saving money when combined with the proper Medicare prescription drug plan.
While it's not true in every case most people we've talk to have been satisfied if not thrilled at the outcome. We would recommend calling the SENIOR ADVISORS GROUP for help and more details. They operate in 11 states with more being added to accommodate terminated Medicare Advantage subscribers. And, since they offer all the top Medicare supplement providers they can reccommend the lowest cost Medicare Supplement plan available in your area. They have also indicated that a new – major - Medicare Supplement provider will launch its Medicare Supplemental Insurance in 32 states on November 1st. I’m told it will be a well recognized brand providing Medigap insurance at - or near - the low end of Medicare supplement premiums in most areas. So with all the stress over terminated Medicare advantage plans, there may be a silver lining, and change in your pocket.