2020 Medicare Supplement, known as Medigap Congressional Changes:
No New Plans C and F having negative effects on rate increases.
There have been some negative effects due to the MACRA Law congressional change to first payor Medicare Supplement(Medigap) Plan C and F. It took affect on Jan 1, 2020. If you were already enrolled into Medicare Part B(Medical/Out Patient Insurance) prior to this date then you are eligible to keep or possibly shop your first dollar coverage Medigap Plans(C & F)
However, if you enrolled into Medicare Part B on Jan 1, 2020 or after than you are not eligible to shop for Plan C or F. Millions of other beneficiaries have switched or enrolled into Plan G or Plan N as great alternatives to first dollar coverage plans. And these plans are typically 30%-$80+% less than Plans C or F with lower rates of increase as an additional benefit. Compare your Medicare Supplement easily with Medicare Savings here or 'Contact us Today' below.
MedicareLive Podcast w/ Kerby Deluorier, a Licensed Medicare Supplement Specialist in over 40 states
Listen to Kerby and I as we discuss the congressional change impact back in 2018. Click here
Learn what the Congressional change means for your Medigap plan.
How is Medicare Changing in 2020?
Congress believes that by requiring all Medicare members to pay their part B deductible this will reduce medical overuse. Since Medigap Plans C and Medigap Plan F* are the only plans that cover the part B deductible, they will be the only plans affected by this change.
Who is Impacted by the 2020 Medigap Change?
New enrollees on or after 1/1/2020 will no longer have the option of Medigap Plan C or Medigap Plan F. All other plans currently available should still be available for purchase. Anyone enrolled in a Medigap Plan C or Medigap Plan F as of 12/31/2019 will be “grandfathered” and able to continue with their plan as long as want. So if you currently have a plan F you will be able to keep it.
Which Medigap Plan Should You Choose?
We recommend that you select the best plan based on your:
- 1) Budget
2) Unique health needs
3) State specific laws.
Please contact us and a licensed medicare supplement agent can help you with this process.
*Please Note: Medigap Plan F includes Medigap Plan F High Deductible
For further questions please call (888)608-0654.
