Medicare Supplement Changes in 2020

Plans F & C

Members currently on Medicare Supplement Plan F, may want to consider moving to a Plan G.

The Medicare Access and CHIP Reauthorization Act (or MACRA) of 2015 made changes to Medicare Supplement (or Medigap) policies. Beginning January 1, 2020, anyone enrolling in Medicare for the first time will not be able to join a Plan F or C. However, EXISTING members will be able to keep their coverage, and anyone who became eligible for Medicare prior to January 2020, will still be able to join Plan F or C. In other words, anyone who enrolled in at least Plan A prior to 2020, will still be able to enroll in Plan F or C.

With that said, what typically can happen when not as many new members are able to join Plan F/C, then rates can increase higher than normal. Many carriers have already adjusted their rates to show a much more favorable rate for Plan G. Plan G does provide almost the same benefits as Plan F, however, the Part B annual deductible (currently at $185/year), is not covered. Examples of some rate differences for carriers in Clark county, Nevada (for new members):

If you’re happy with your existing coverage, you do not need to do anything, it will continue to renew each year. Keep in mind, these plans do have medical review/underwriting to make a change to a new plan. If you’d like to explore making a change, please contact me to discuss further.

Your Medicare ID Card (the Red, White and Blue card)

On April 1, 2018, the Centers for Medicare and Medicaid Services (CMS) began sending out new Medicare ID cards. New cards will no longer show social security numbers, instead they have a Medicare Beneficiary Identifier (MBI) that has a mix of letters and numbers. As of January 1, 2020, CMS will no longer accept the old numbers. If you have not received a new card, it is important you contact 1-800-MEDICAR to find out why you don’t have your new card.

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