The Medicare Modernization Act of 2003 (MMA), best know for creating the new entitlement Part D for prescription drug coverage, also created the Medicare Advantage program. This allows private plans to offer replacement Medicare coverage with additional benefits on a voluntary enrollment basis. MMA also created a new category of Medicare Advantage plans known as [...]

The first wave of baby boomers turn 62 this year and will begin claiming Social Security benefits. And, according to new research from the National Association of Insurance Commissioners (NAIC), many are confused about their post-retirement health insurance options, including their Medicare eligibility.The NAIC’s national survey of 377 baby boomers — Americans born between 1946 [...]