Across America, agents are waiting with considerable anxiety to see what the 2014 Medicare Advantage plans will look like. While there's a high level of interest every year in what the new plan designs will look like, this year is perhaps the most anticipated in recent history.
That's because the implementation of various parts of the Patient Protection and Affordable Care Act is set to strip tens of billions of dollars from the Medicare Advantage program at a time when participation is higher than ever.
According to the Kaiser Family Foundation, more than 14 million beneficiaries are enrolled in these plans — an all-time high — accounting for more than 28 percent of all Medicare beneficiaries. It's also likely that only a fraction are even aware that pending funding cuts could possibly affect their benefits in the near future.
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