That question is up in the air, although there is some support for the notion that Medicare Advantage will still be available to seniors. For a little insight, it's well to take a look at what Speaker Pelosi says about it in Health Insurance Reform: A Guide for Seniors:

Q. What if I’m on Medicare Advantage? Will Medicare Advantage plans still be available?

A. Yes, private Medicare Advantage plans will still be available under health care reform. Currently, about 24 percent of America’s seniors are in Medicare Advantage plans rather than in traditional Medicare. Since 2003, these plans have cost U.S. taxpayers more than traditional Medicare—overpaying private insurance companies by an average of 14%, and in some regions of the country as much as 20%. Those profits cost all Medicare enrollees more. In fact, a typical older couple enrolled in traditional Medicare will pay $90 extra in premiums next year to help pay for profits to the Medicare Advantage private insurance companies. The reform bill significantly reduces these overpayments to Medicare Advantage plans.

Many MA plans will continue to offer their services under the new payment system. The plans that are able to operate efficiently and provide extra value to their enrollees through care coordination will continue to flourish. Indeed, under the reform bill, high-quality MA plans will be able to earn bonus payments, which will encourage these plans to move toward higher quality and better care for their enrollees. If an MA plan chooses to leave the market, people will have choices of other MA plans in their community as well as the choice of a stronger traditional fee-for-service Medicare program to choose from.
The nonpartisan Congressional Budget Office estimates that, under health reform, there will be about 9 million seniors enrolled in Medicare Advantage plans in 2019—not many fewer than the 10.5 million seniors enrolled today.

I personally suspect the Speaker is expressing a good deal of wishful thinking. We know that these plans have been enormously profitable for private insurers just based on the hype endlessly blasted for them on the tube. Take away the federal subsidy incentive (overpayment or not), and what's left? The Speaker refers to unspecified "bonus payments" for companies that continue to operate efficiently and provide extra value to insureds. That's awfully vague.

I'm all for saving $132 billion, but have a problem with it when it's my ox being gored. I currently have a Medicare Advantage plan that protects me from a financial catastrophe in the event my health care costs climb into the stratosphere. It's current cost to me is modest, and I receive good value for what I pay. In all probability, I'm going to lose that protection in the future - at least, at an affordable cost.

Even if some insurers do continue offering something they call Medicare Advantage, the "advantages" no doubt, will be significantly diminished. Out of necessity, coverage will have to be reduced, and premiums will have to be boosted.

There are some significant benefits flowing to seniors under Health Care Reform, as outlined in Speaker Pelosi's guide noted above - a narrowing of the "donut hole", payments for preventive care and so on. But, I'm left to wonder if what I stand to gain will be more than offset by the potential for added personal expense with the weakening, if not elimination, of Medicare Advantage. Presently, the answers are unclear. It'll take time for these obscurities to play themselves out.

He can insist all he wants, but that's not really true in one major aspect. On July 28, 2009 Obama told the AARP that he wants to eliminate $177 billion in subsidies to Medicare Advantage programs which are very popular with seniors because they offer benefits and care coordination which basic Medicare plans do not provide. This means, basically, that he wishes to see Medicare Advantage repealed. However, he smoothes that over with assertions that there will be no change in Medicare benefits to seniors.

I'm presently enrolled in a Medicare Advantage plan for which I pay a monthly premium. I'm willing to do so because there's always the spectre, when you're older, of catastrophic illness for which Medicare will not pay in whole. This exposes me to the possibility of large medical expense despite Medicare. I consider covering that gap vital to my financial well-being, and I'm willing to pay the current reasonable premium cost for that.

I'm not worried that my government is driven to "pull the plug" on me or grandma, or any of that nonsense. But, I am concerned that a significant part of health care reform may well be financed on the backs of seniors (me for one) as is being argued in many quarters, and, apparently supported by my president.

So, should I kiss Medicare Advantage goodbye?

Being covered by health insurance is vital for people of all ages, but it is especially critical for those with disabilities and those with illnesses and chronic conditions associated with aging. This article is designed to provide you with basic information on Medicare – how it works, how it differs from Medicare advantage plans, and who is eligible.

Medicare Basics

The Medicare program is a federal health care insurance program for people over the age of 65 and the disabled. Medicare has two parts. Medicare Part A is a Hospital Insurance program, while Medicare Part B is a Supplementary Medical insurance (most people pay monthly for Part B).

Traditional Medicare & Medicare Advantage Plans

You can get your health-care coverage from Medicare in one of two ways: enroll in regular fee-for-service program through Traditional Medicare (Parts A and B) or in a Medicare Advantage plan (also known as Medicare Part C) through a health plan sponsored by a private company. To join a Medicare Advantage Plan, you must have Medicare Part A and Part B.

If you are enrolled in one of Medicare Advantage plans (HMO, PPO, PFFS, and SNP), you still have Medicare Parts A and B, but you get your health-care services through a private plan that has a contract with Medicare. Medicare Advantage Plans coverage can include prescription drug coverage. You pay your usual Part B premium, plus any additional premium that the plan may charge.

Medicare Advantage Plans may have lower deductibles and co-payments than Traditional Medicare and cover costs & services not covered by traditional Medicare. That’s why many people choose Medicare Advantage plans which offer affordable health insurance coverage.

Who Is Eligible For Medicare?

Eligibility is not based on financial need. Generally, if you are a citizen or permanent resident of the United States and one or more of these describes you, you are eligible for Medicare Parts A and B:

1) You are 65 years or older and eligible to receive Social Security;

2) You are under 65, permanently disabled, and have received Social Security disability insurance payments for at least 2 years;

3) You are under 65 years of age with end-stage renal disease (ESRD) and you or your spouse has met the Medicare work requirement.

If you already get benefits from Social Security or the Railroad Retirement Board, you are automatically entitled to Medicare Part A and Part B starting the first day of the month you turn age 65. You will not need to do anything to enroll.

Source: www.HealthInsuranceFinders.com