As part of the upcoming Medicare changes, Medicare Supplement F (as well as Plan C and High Deductible F) will ONLY be available to those who turned 65 prior to January 1, 2020, or first eligible for Medicare Part A due to age or disability prior to January 1, 2020.
Who does this change in Plan F for 2020 affect?
As we talked about in our article Plan F MACRA legislation, Medigap plan F is NOT GOING AWAY! That law only states that it will NOT be available for purchase to those turning 65 on or after January 1, 2020. So if you are 65 before 2020, you can purchase plan F at any time. If you already have Plan F, you can keep it for as long as you wish. While those who are already 65 can keep plan F, the law can still affect them with potentially higher Plan F prices (see below).
If you turn 65 AFTER Jan 1, 2020, you are the ones out of luck since you will not be able to buy Plan F but please don’t feel left out as Medigap Plan G is almost always a better option. Check out our Medigap Plan F vs Plan G article to learn more. You can get a quote to check out Plan G prices by clicking the button below.
Will Plan F prices go up after 2020?
Most likely. While nobody knows future pricing, there is much speculation that since new younger members will not be joining the plan, the aging population on Plan F will warrant price increases. This is likely to vary from insurance carrier to carrier. If you would like to switch from F to G, check out this Medigap switching article or give us a call to discuss.
New Plan High Deductible G in 2020
Are you turning 65 after 2020 and wanted the high deductible F? There is an option for you too! You will start seeing the new Medigap High deductible Plan G for sales effective January 1, 2020 (often written as Medigap HDG). These prices are not always on our online quote tool so give us a call to get quotes.
Medicare Supplement applications will continue to display the C, F and HDF/F+ selections. If one of these plans is selected and the individual is not eligible, the individual will be declined.
If a Medicare beneficiary was first eligible for Medicare Part A on or before January 1, 2020 due to disability, only the plans approved in the state of residence for under age-65 applicants will be available, therefore Plans C, F or HDF/F+ may not be available for under age-65 applicants regardless of the 2020 changes.