MEDICARE CHANGES FOR 2020 MACRA EXPLAINED

On Jan. 1, 2020, newly-eligible Medicare beneficiaries won’t be able to purchase Medicare supplement plans that cover the Part B deductible. This includes Medicare supplement Plans C, F, High-Deductible F.

A new Medicare supplement Plan High-Deductible G will be available effective Jan. 1 where offered. This will not affect your Medicare Supplement Medicare-eligibility through Dec. 31, 2019 If you are Medicare eligible or will be through Dec. 31, 2019, your Medicare options are the same as they’ve always been.

You can keep your existing plans or purchase any that covers the Part B deductible, but keep in mind that in the past people that were grandfathered the plans suffered great rate increases and most people were not able to keep them due to the rate increases.

Medicare-eligibility Jan. 1, 2020 and after The MACRA rule will impact people who become Medicare-eligible after Dec. 31, 2019 as they’re considered “newly-eligible” and won’t be able to purchase plans that cover the Part B deductible.

Additionally, MACRA makes Plans D and G the guaranteed issue plans for newly-eligible Medicare beneficiaries (as of Jan. 1, 2020) for the specified period under current law that name Plans C or F for current beneficiaries. plans offered by Medicare eligibility date.

If you have any questions, please contact customer service at 786-231-0845

Posted 8:35 PM

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019


View Mobile Version