Rick Thornton, a Frisco health insurance agent, says reducing Medicare’s eligibility age to 60 is politically popular, but there are still many in Congress who will fight tooth and nail to not allow this to come to pass.
Frisco health insurance could experience another beneficial change now that the current administration is proposing a reduction in Medicare’s existing eligibility age to 60 so that older people can get affordable coverage. However, at least one study suggests that Medicaid inherently is still more expensive than other options and will likely be a detriment to many people with modest means.
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According to the Florida News Times, there are two reasons for this. Traditional Medicare has gaps in coverage that most people fill by purchasing a supplemental plan, a recent article said. In other words, you will have to pay additional premiums for health insurance in Frisco. And the affordable care insurance premiums have fallen considerably lately due to a recent bailout bill. Per the article, this makes ACA attractive to older people who have not reached the Medicare eligible age of 65. But simply expanding Medicare eligibility does not guarantee affordability. Many low- to middle-income seniors can already find cheaper premiums with ACA, but solid middle-class people are more likely to benefit from Medicare.
Rick Thornton, a Frisco health insurance agent said that despite the recent study, reducing Medicare’s eligibility age to 60 is politically popular. He also pointed to a Kaiser Family Foundation poll late last year that said two in three Americans support this idea. And that includes Republican voters. The problem would be convincing lawmakers on both sides of the table to push it through. Many say tinkering with Medicare can always create a bigger hassle. In fact, the article above also mentioned that according to the study, uninsured people account for only 8% of the 24.5 million adults aged 60-64 who qualify for Medicare by lowering their eligible age. About 6 out of 10 currently cover employers. Thornton said it’s important to keep an eye on this moving forward.
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