Medicare Changes in 2020
Starting in 2020, there will be no more first-dollar coverage plans available to those who are considered Medicare eligible after 2020. First-dollar coverage plans are Medicare Supplement Plans that leave you with zero out of pocket costs, such as plan C and plan F which are going to be eliminated.
Members of Congress believe Medicare beneficiaries are over-using healthcare services since they don’t have to pay anything out of pocket at all.
By making everyone meet the Medicare Part B deductible, legislators hope to prevent beneficiaries from running to the doctor for every minor ailment.
These changes will only impact beneficiaries who are not considered Medicare “eligible” until after 2020. As long as you turned 65 prior to January 1st, 2020, you can continue to enroll in these first-dollar coverage plans after they have been discontinued. They’re only being discontinued to those who are not considered Medicare eligible until AFTER 2020.
For those currently enrolled in a first-dollar coverage plan, you’ll be grandfathered in, however based on past experiences with Medicare eliminating other plans such as the feature rich plan J several years back, the people keeping the plans (grandfathered) will experience enormous rate increases which eventually will force them to migrate to other less expensive plans such as plan G or plan N.
In my opinion plan G is the best option if you want the fullest possible coverage. Once you meet the annual Part B deductible, you shouldn’t have any further expenses for services covered by Medicare , and the price of the plan is very reasonable considering all the benefits that you get.
If you have any questions about all this changes please give us a call and we will explain the changes in detail.
For more information call George Ibanez at 786-231-0844