ALL >> Insurance >> View Article
Medicare Beneficiaries Net 32% Savings On Medical Equipment And Supplies
Now that the first phase of the Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) Competitive Bidding Program is underway (as of January 1, 2011), Medicare beneficiaries in nine different areas of the country could see as much as a 32% savings on certain items.
“Through supplier competition, this new program set lower payment rates for certain medical equipment and supplies in nine competitive test areas,” says Alan Weinstock, insurance broker at MedicareSupplementPlans.com.
The nine initial test areas include:
1. Charlotte-Gastonia-Concord, NC/SC
2. Cincinnati-Middletown, OH/KY/IN
3. Cleveland-Elyria-Mentor, OH
4. Dallas-Fort Worth-Arlington, TX
5. Kansas City, MO/KS
6. Miami-Ft. Lauderdale-Pompano Beach, FL
7. Orlando-Kissimmee, FL
8. Pittsburgh, PA
9. Riverside-San Bernardino-Ontario, CA
The program will expand to 91 additional areas in the next phase of the program. In 2011, suppliers will compete to become contract suppliers for these 91 areas.
About the DMEPOS Competitive Bidding Program
This program ...
... changes the amount Medicare pays suppliers for certain durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) and make changes to which suppliers Medicare will pay to supply these items to Medicare beneficiaries.
The purpose is to replace the prices Medicare is currently paying with lower, more accurate prices. Suppliers now have to submit bids to furnish certain medical equipment and supplies at a lower price than what Medicare now pays for these items. Medicare uses these bids to set the amount it will pay for those equipment and supplies. Qualified, accredited suppliers with winning bids are chosen as Medicare contract suppliers.
The purpose is to save Medicare beneficiaries and the Medicare program money, reduce fraud and ensure Medicare beneficiaries have access to quality equipment and supplies.
Equipment and Supplies Covered in First Phase
The following categories of items are included in the first phase of the program:
1. Oxygen, oxygen equipment, and supplies
2. Standard power wheelchairs, scooters, and related accessories
3. Complex rehabilitative power wheelchairs and related accessories (Group 2 only)
4. Mail-order diabetic supplies
5. Enteral nutrients, equipment, and supplies
6. Continuous Positive Airway Pressure (CPAP) devices and Respiratory Assist Devices (RADs), and related supplies and accessories
7. Hospital beds and related accessories
8. Walkers and related accessories
9. Support surfaces (Group 2 mattresses and overlays in Miami-Fort Lauderdale- Pompano Beach only)
Medicare will only help pay for these items if they are furnished by contract suppliers. However, there are a few exceptions.
For example, you may be able to continue renting some types of medical equipment (including oxygen) from your current supplier, even if that supplier isn’t a contract supplier, if that supplier chooses to be a “grandfathered” supplier. Otherwise, the supplier is required to pick up the item from your home after the program begins.
For an in-depth look at the program check out “Your Guide to Medicare’s Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) Competitive Bidding Program.”
Medigap insurance can give what the original Medicare Supplement cannot and this is a very effective advantage of the Medigap insurance California.
Add Comment
Insurance Articles
1. Music Insurance Explained: Legal Questions Every Music Professional AsksAuthor: Clarion
2. The Role Of Bankrupt Debt Buyers In Modern Debt Portfolio Management
Author: BK Debt Services
3. Expert Financial Guidance For Smarter Property Decisions In New Zealand
Author: Right Choice Finance
4. Why Standard Business Insurance Falls Short For Music Retailers Most Basic Business Insurance Policies Give You Some Level Of Property Coverage, But T
Author: musicinstrumentsins
5. Professional Vs Student Saxophone Insurance: What You Actually Need To Know
Author: Music Company
6. Why Private Health Insurance In Uk Is Growing
Author: Riley Allen
7. Planning For Tomorrow With The Right Insurance Guidance In Auckland
Author: Right Choice Finance
8. Ai Music Discovery Is Reshaping Artist Income In The Uk & Us — Is Your Insurance Keeping Up
Author: Clarion
9. Super Visa Insurance Edmonton: An Essential Overview For Families
Author: Vivek
10. Strategic Financial Protection And Insurance Guidance For Auckland Residents
Author: Right Choice Finance
11. Policy Revival Period In Insurance: A Complete Guide
Author: Andrew Philips
12. How To Budget For Your Music Career: From Gear To Gig Insurance
Author: musicinstrumentsins
13. Smart Money Moves For Musicians Balancing Passion And Financial Security
Author: Music Company
14. Msme Loan Rejected? Top Reasons And How To Fix Them
Author: Blucoin Capital Private Limited
15. Income Protection Insurance Uk: Why It’s Essential For Financial Security
Author: Riley Allen






