Medicare Supplement Plan F is Going Away!

The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) passed by Congress and signed into law on April 16, 2015 changed the law on various aspects of health care, including some Medicare Supplement plans. The new law states that on or after January 1, 2020, a Medicare Supplement policy that provides coverage of the Part B deductible may not be sold or issued to a newly eligible Medicare beneficiary. That means that people whose birthday is December 31, 1954 (turning 65 on December 31, 2019) may be the last group able to enroll in Medicare Supplement Plan F. After January 1, 2020, you will not be able to enroll in Medicare Supplement Plan C, one of the closest alternatives to Plan F, either, since it also covers the Part B deductible.  If you already have Plan F, you can keep it. The law only affects new enrollees.
As a health plan expert, you must be prepared to inform your Plan F enrollees of the upcoming changes & possibly provide alternative options.

What happens to those who are grandfathered in to the Supplement Plan F?

Posted on: May 2nd, 2018 at 11:49pm by howardhwang. Filed under: Medicare Insurance
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