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Medicare Supplement Insurance Plan Options In 2020.

At the start of every new year, we have come to expect modest changes to the benefits of plans within the Medicare Supplement Insurance portfolio.  This year, one significant change, is the number of Medicare Supplement Insurance plans available to consumers.  The number has decreased.  Medicare Supplement insurance plans C and F are no longer offered.  This article highlights this particular change to the portfolio of Medicare Supplement plans for 2020. (Also known as Medigap plans.)

Not offered in 2020.

If you reach the age of 65 in 2020, Medicare Supplement plan C and Medicare Supplement plan F will not be available for you to purchase.  Medicare Supplement plans C and F have been removed from the portfolio of Medicare supplement plan options for 2020.  This change will only effect consumers who become eligible for Medicare coverage on January 1, 2020 and afterward.  Anyone who became eligible for Medicare prior to January 2020 will still be able to purchase both Medicare C and F plans.  Also, if you are currently enrolled in either of these plans, nothing will change.  You may keep your Medicare Plan C or Medicare Plan F coverage indefinitely.

Why these plans are no longer offered.

Medicare plans C and F are no longer available due to a change in federal law.  Beginning in 2020, coverage for Medicare's Part B deductible is no longer permitted within Medigap policies sold to people who are newly eligible for Medicare.  As Plans C and F contained this benefit, they were removed from the Medicare Supplement portfolio.

Although Plan F and C are no longer available for future 65-year-olds, there are viable alternatives.  Plan G provides the same coverage as the F Plan, minus the coverage for the annual Part B deductible.  There is also a new Plan G High Deductible plan available and offered by some insurance carriers.  The new G High Deductible plan makes for a good replacement for the popular Plan F High Deductible plan.  Of course, the difference is, the Medicare Part B annual deductible is not covered.

Reasonable alternatives to the Medicare Plan C supplement plan, are the Medicare Plan N, or the Medicare Plan D options.

Please contact us if you have questions concerning the 2020 Medicare supplement plan changes.

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