An elephant in the wild can be pretty intimidating if you are looking eye to eye with it. Many of our medicare clients are worried that their Plan F is going away and will no longer be available anymore. This concern quickly turns into fear or panic and we are here to reassure our client that this big elephant that is starring in their eyes is nothing more than a sleeping baby elephant.
For those of you who currently have a medicare supplement aka: Medigap plan, you probably heard about new legislation affecting Plan F and Plan C. Several years ago there was a new law called The Medicare Access and CHIP Reauthorization Act of 2015 aka: (MACRA). This change in law removes the possibility for Medicare Supplement plans to cover the cost of your Part B annual deductible for “newly eligible” Medicare Beneficiaries on or after January 1, 2020.
Everyone who turned 65 prior to January 1, 2020 can enroll into Plan F or Plan C. This is also true even after 2020 and you can keep your plans as long as you choose. Plan F is not going away for eligible customers. You can dispel that rumor .
Anyone who turns 65 on or after January 1, 2020, will only be able to purchase Medicare Suppplement Insurance Plans F or Plan C if they have a Medicare Part A effective date prior to 2020. Medicare Supplement Insurance Plan G will be available for all applicants in time for January 1, 2020, plan effective dates.
Individuals already enrolled in Plan F and Plan C don’t need to take any action. Plan F and Plan C will still be available for you to purchase in 2020 and beyond.
Integrity Now Insurance Brokers is here to help all of our clients find the best Medicare Plan option that is best for you and your situation. This includes Plan F if we believe that is the best Medicare Supplement option for you.
Even through Plan F is a great Medicare Supplement plan option, it is possible that Plan G or another Plan could be a better fit for you. Everyone’s healthcare needs are different and not everyone has the same health needs. We would love to hear from you and discuss your individual Medicare needs.
When looking around for a Medicare insurance plan it is important to use an independent insurance agent to help provide you with an unbiased review of your insurance. We are here to serve your best interest and not the Medicare insurance company best interest. Because we are an independent Insurance Agent / Broker we are able to shop every Medicare Insurance Carrier that is available in your local area. This way you can obtain the plan that is best for your individual needs.
We have found that those individuals who call Medicare Insurance carriers directly they are often not on the best plan as that carrier can only offer their products and services. We would love to help you find a Medicare plan that best suits your needs. Added bonus our services cost you nothing.
Integrity Now Insurance Brokers, Inc.