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Medigap Issuers Face Spike in Small Problems That Got Serious | ThinkAdvisor
The effects of skipping routine care during the pandemic are becoming evident, Mutual of Omaha's medical chief says.
www.thinkadvisor.com
What it means: Insured patients are now finding out that neglected small problems have turned into big, costly problems, Pawar said.
For Medicare Advantage plan issuers, that’s combining with tighter federal subsidy rules and regulatory framework changes to make this a terrible year.
For Medicare supplement insurance issuers, it’s pushing premiums higher.
For a client, a neglected small problem that becomes a big problem is a catastrophe. It could force the client to give up on any plans to retire in Hawaii or open up a bait shop in Maine, and it could replace glamorous restaurant meals with whatever snacks happen to be left in the hospital or cancer treatment center vending machine.
Pawar thinks it’s important for anyone who’s talking to the clients to tell them to get their checkups.
