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Medicare Beneficiaries to Have More Health Plan Choices

Armen Hareyan's picture

Health Insurance and Medicare Advantage Plan

Medicare Advantage Plans Available in More Areas and with More Benefits in 2005 Providing Greater Savings to People with Medicare

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Nearly all Medicare beneficiaries across the U.S. have access to Medicare coordinated care plans and other health plan options in 2005, and these plans are providing significant new out-of-pocket savings to Medicare beneficiaries, particularly those with chronic illnesses.

The Centers for Medicare & Medicaid Services (CMS) today announced that it has approved 143 new Medicare Advantage plans to provide services in 2005, far exceeding the highest number of plans that had been previously available. The availability of these plans in 49 states, along with their enhanced benefits and increased savings, are the results of the Medicare Modernization Act of 2003.

"This is great news for seniors who are getting more choices and better benefits as the new Medicare law kicks in," said HHS Secretary Mike Leavitt.