2020 Medicare Supplement Changes
There are changes coming that affect Medicare Supplement Plans C, F and F High Deductible.These changes will be starting on January 1, 2020. Here are some facts about the 2020 Medicare Supplement changes.
There is a significant amount of misinformation about the changes in Medicare Supplement Plans. Read on to get the facts.
“Newly eligible” enrollees will not be permitted to purchase Plans C, Plan F or Plan F High Deductible after January 1st, 2020.
Those that are “Newly eligible” means those that a) turn 65 on or after January 1, 2020 or b) first become eligible for Medicare benefits. This can be due to their age, disability or end-stage renal disease(ESRD), on or after January 1st, 2020.
For the “newly eligible,” Plans D, Plan G, and Plan G High Deductible replace Plans C, F and F High deductible. All other Medigap plans will remain unchanged after January 1st., 2020.
NONE of the above changes will affect current Medicare Supplement policyholders, or those that are eligible for Medicare Parts A&B on or before January 1st, 2020.
Assuming you are 65 or will be before January 1, 2020, these changes DO NOT affect you. You will still be able buy Plans C, F and F High deductible, even after the changes go into effect for the newly eligible.
Assuming you first become eligible for Medicare due to age, disability or end-stage renal disease before January 1, 2020, these changes WILL NOT affect you.
Medicare Supplement Plans C, Plan F, and Plan F High deductible will be available for those eligible for Medicare before January 1st, 2020. Those beneficiaries will still be able to keep their existing plans and can purchase Plans C or F and F High deductible on or after January 1, 2020.
For more information about the upcoming changes call 215-738-8100 and speak to a licensed broker.
By Joe DeAngelis