General Discussion
In reply to the discussion: Why are Medicare Advantage premiums going up almost 300% in NC? [View all]sinkingfeeling
(51,445 posts)some insurers priced the Advantage plans well below the cost of Part B ($105/mo. in 2013), the costs to the federal government was huge. ACA sought to stop that waste of tax payer money. If your co-worker continues with his Advantage plan he is still saving money on the monthly premiums.
http://kff.org/medicare/fact-sheet/medicare-advantage-fact-sheet/
"In 2014, Medicare Advantage markets and plans will look much as they did in 2013, in terms of the number of plans available to beneficiaries. Over the longer term, companies offering Medicare Advantage plans may respond to payment changes in several different ways, depending on the circumstances of the company, the location of their plans, their historical commitment to the Medicare market, their ability to leverage efficiencies in the delivery of care to enrollees, and possibly their quality ratings and bonus payments. Decisions made by these firms could have important implications for beneficiaries with respect to their choice of plans, out-of-pocket costs, and access to providers."