Medicare HMO Withdrawals
Many HMOs that are participating in the
Medicare+Choice Program have notified the Health Care
Financing Administration (HCFA) that they will no longer
participate after Jan. 1. HCFA estimates that
approximately 934,000 Medicare beneficiaries will be
affected by these withdrawals. According to CPA
ElderCare News, the newsletter for AICPA members
participating in the CPA ElderCare program, CPAs who work
with older clients should be aware of these
beneficiaries' rights in case their clients are affected.
To learn more about this development, contact HCFA at:
800/MEDICARE
 www.medicare.gov
CPAs can also contact their State
Health Insurance Assistance Program by calling the
Medicare number or through their state agency on aging.
For more information on the CPA
ElderCare program, a new service CPAs can provide to
their older clients or clients' family members, contact
Ann Sammon:
212/596–6142
 asammon@aicpa.org
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