Retirement

5 in 5: Five Things to Know About Plan C and F Changes in Less Than Five Minutes

October 15, 2019

5 in 5 image.jpg There is a lot of confusion around the changes to Medigap Plans C and F in 2020. To help inform your Medicare Supplement (Medigap) coverage decisions, here are five key things to know:

  1.    Congress passed the Medicare Access and CHIP Reauthorization Act (MACRA)in 2015, to  reform the Medicare payment system. MACRA mandated that Medicare Part B deductibles can no longer be reimbursed by Medigap coverage, which is a feature unique to C and F.
  2.    If you currently have Plan C or F, you are not impacted by this change and can keep it.
  3.  If you turn 65 before January 1, 2020 you may enroll in Plan C or F at any time.
  4.   If you are turning 65 in 2020 or later, you will not be able to enroll in Plan C or F. Plan G offers     similar benefits.
  5. This change affects all insurance carriers. It’s not specific to any company.

*Note: The states of MA, MN and WI offer “non-standardized” plans. These states also prohibit the sale of any plans that reimburse the Part B deductible to residents that turn 65 on or after January 1, 2020.

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