On July 30, 1965, then-President Lyndon Johnson signed the Medicare Act. Now, 48 years later, Medicare is a common path for people over 65 and for the young and disabled.
Today, Obamacare has people worried about changes on the horizon.
The Obamacare (real name is Affordable Care Act – people coined the term Obamacare) has appeared on the scene and many are confused and wonder how they will belong, especially if they are on Medicare.
Who is Obamacare for?
Medicare is not a part of the Obamacare Marketplace for Health Insurance or the Healthcare Low Prices Act; therefore, you do not need to substitute your Medicare insurance with Marketplace insurance. No matter how you get Medicare, either through Original Medicare or the Medicare Advantage Plan, you will still have the same benefits and security you have now.
You do not need to do anything with health insurance exchanges during open enrollment if you have Medicare.
How will Obamacare switch to Medicare?
The Obamacare or Low Price Health Care Act actually extends Medicare’s lifespan by 12 years, until 2029, due to the money-saving practices it requires. It changes the way hospitals are paid, which saves money and changes the amount paid by companies for Medicare Advantage plans, and saves money for Medicare. To save even more money, the law also takes a firmer stance on fraud, with better practices in finding it and more severe fines against it.
More preventive services
Medicare beneficiaries will receive more preventive services due to the Obama Care Act. Medicare will now cover some preventive health care services, such as colonoscopies or mammograms, without charging for co-insurance or Part B deduction. You can also get your free annual “Wellness Visit”.
Part D – Drug Coverage
If you are a person who enters the Part D coverage gap or the period without coverage, you also receive a discount of 50% when purchasing Part D prescription branded medication. The discount is automatically implemented at the counter in the pharmacy; You don’t have to do anything extra to merit it. The best thing about the screw hole or gap is that by 2020 it will close!
Your doctor gets more support
There will be new guidelines to help support your service coordination. The emphasis will be on your treatment and ensuring it is consistent. The purpose of coordinated health care is to guarantee that patients, particularly chronic patients, receive appropriate care as at when due. This will help prevent needless duplication of health services and avoiding medical errors. . You will benefit when your doctor, healthcare provider or hospital coordinates your care because they will work together to provide the needed care as at when due and in the right environment.