As of 2020, Medicare Supplement plans (AKA Medigap) will no longer sell Plan F or Plan C to newly eligible Medicare members. Congress has issued the MACRA law stating that new Medigap plans will no longer be allowed to cover the Part B deductible after January 1, 2020. This will only affect plans C and F and will only impact certain beneficiaries as explained below.
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?
Newly eligible members 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.
In other words, if you are turning 65 before 2020, then you will be able to enroll in Plan F. If you don’t, then unfortunately you won’t be able to purchase it.
Which Medigap Plan Should You Choose?
Senior65 recommends 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 Senior65 agent can help you with this process.
*Please Note: Medigap Plan F includes Medigap Plan F High Deductible