When I meet with people regarding their Medicare, at lease once a week one of them asks me if Obamacare reduces their Medicare benefits. They are scared about the future of Medicare after watching constant deceptive ads from Republican presidential candidate Mitt Romney and running mate Paul Ryan.

Ryan has accused Obama of robbing Medicare and he specifically has said that President Obama cut more than $700 billion from the Medicare program. But former president Bill Clinton said the $700 billion in Medicare cuts were part of Ryan’s Congressional Budget and that Obama actually took the funds from medical providers and subsidies to insurance companies and used it to systematically close Medicare’s prescription drug gap, which is also known as the donut hole.

I can attest that Obama’s Affordable Care Act cuts have affected insurance companies because the compensation for agents, like me and my colleagues, has been reduced. But more importantly, the act has forced companies offering private Medicare coverage to improve benefits for senior citizens, such as free annual physicals, colonoscopies, flu shots and other preventative services, plus a free gym membership and some plans offer vision and dental benefits.

Find out the biggest impact of Obamacare and what it means for the future of Medicare on my financial advice blog, www.mytensense.com.