Monday, December 15, 2008

Seniors Beware

Agency blasts Medicare fee-for-services plans | U.S. | Reuters: "WASHINGTON (Reuters) - People who sign up for popular Medicare options known as private fee-for-services plans may find themselves stuck with thousands of dollars in medical costs, a government watchdog agency said on Monday.

A report by the U.S. Government Accountability Office (GAO) recommended that the agency that oversees the Medicare health program for the elderly take a closer look at the unexpected costs faced by people enrolled in these fee-for-service plans. It also suggested that potential enrollees be informed of the drop-out rates for the plans.

Lucrative fee-for-service plans are the fastest-growing segment for private companies contracting with Medicare..."

I don't know much about this, but my Scamdar (insert copyright and patent and trademark notice) has just pinged. (The last time I jokingly inserted a copyright symbol into a post I got mightily flogged via email by an irate person. Please, if you're still out there, spare me.)

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