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We have been examining two proposals to expand Medicare and Medicaid by introducing universal health care coverage or allowing individuals to buy a private plan using Medicare and Medicaid efficiencies. The idea behind these proposals is to pass on the cost-savings of managed Medicare and Medicaid plans to all Americans. There are other proposals that have not received the same level of attention, however, which are other ways to address the overall problem of rising health care costs for care, treatment, and prescriptions.
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Ask an Elder Care Attorney New Jersey: Medicare for All or Medicare at 50? Proposals to Expand Medicare and Medicaid, PartIII We have been examining two proposals to expand Medicare and Medicaid by introducing universal health care coverage or allowing individuals to buy a private plan using Medicare and Medicaid efficiencies. The idea behind these proposals is to pass on the cost-savings of managed Medicare and Medicaid plans to all Americans. There are other proposals that have not received the same level of attention, however, which are other ways to address the overall problem of rising health care costs for care, treatment, andprescriptions. • Eliminate Employment-Sponsored HealthcarePlans • The Medicare for All plan envisions eliminating employment-sponsored healthcare plans and replacing it with a universal health insurance program. The only annual out of pocket expenseis • $200 to assist with prescription drug benefits. This means that employers would no longer provide health care coverage as an employeebenefit. • Target EarlyRetirees • Another Bill would allow anyone over 50 to buy in to Medicare through a private health insurance plan that would offer plan participants cost-sharing benefits like tax credits and lower premiums. • Two other proposals getting attention are trying to add people currently left out of the Affordable Care Act or shut out of healthcare marketplaces. The main part of both proposals is to allow people to buy into government insurance or continue to buy private insurance to cover medical care and treatment not covered by Medicare. These proposals are asfollows: • Medicaid Extra for All is a proposal by theCenter for American Progressoffering a combination of private and public insurance health coverage options. The program is limited to legal residents and estimates are that it would take decades to bring all Americans onboard. • Healthy America, sponsored by theUrban Institute, is a plan that would providehealth • insurance coverage for 16 million people, not currently covered under the Affordable Healthcare Act. This plan is limited to legal U.S. citizens orresidents.
Individuals suffering from chronic illnesses stand to benefit from all the proposed options. Affordable premiums would help pay for most of the medical care and treatment needed to manage chronic illnesses, like end-stage renal disease and Parkinson’s Disease. Also, in the Medicare for All or Medicare and Medicaid buy-in programs, coverage would be expanded to include vision and dental benefits, benefits currently excluded from Medicarecoverage. Find the best Elder Care Attorney New JerseyNearYou People face complex legal concerns as they age and enter retirement. An elder care attorney can assist with disability planning, durable powers of attorney, living trusts, drafting of wills and other estate plan documents, among many other legal concerns. Talk to an Elder Care Attorney in New Jersey today about health care proxies and Medicaid planning for long-term medical care. The Giro Law Firm is a New Jerseyand New York law firm located in Newark, NJ that handles a wide range of legal matters that affect the elderly and disabled populations, including retirement, guardianship, health care, long term care planning, Social Security, Medicare/Medicaid planning, among other legal services. To request a consultation with an Elder Care New Jersey Attorney, click hereor call (201)690-1642.
