Changes in Medigap Plans May Reduce Monthly Bills for Seniors
Synopsis and Key Points:
The changes are extensive as Supplemental Plan M and Plan N are now available Plans E H I and J are no longer available.
Main DigestWith New Medicare Supplement Plans Available, Seniors Should Check Their Health Insurance Options...
As the Medicare Improvements for Patients and Providers Act (MIPPA) became reality, seniors should review their current coverage to make a more affordable choice.
The changes are extensive: Supplemental Plan M and Plan N are now available. Plans E, H, I and J are no longer available. The new law eliminates at-home recovery and preventive care benefits from all plans. A new hospice benefit is added to all plans and carriers will be required to offer Plans C and F.
Seniors may want to consider adding a Medigap plan to ensure they are covered by their health insurance plans.
Here are some frequently asked questions from seniors to our Medicare experts:
What are the differences in the new plans
Plan M and Plan N were designed to offer lower monthly premiums by introducing office co-payments and other cost-sharing options. For example, Plan N has a $20 office co-pay and a $50 emergency room co-pay, while Plan M covers 50% of the Part A deductible.
What should I do if I currently have Plan E, H, I or J
Nothing. Plans cannot be taken away from you without your knowledge. Medicare Part D now has prescription drug coverage, so these plans are no longer needed. Newly available options might be more affordable.
What is the difference between a Medicare Supplement and a Medicare Advantage Plan
A Medicare supplement plan allows you to go to any doctor or hospital that accepts Medicare. It works in addition to your main Medicare plan. A Medicare Advantage plan is run by a private insurance company and could limit available providers. It typically combines the Parts A, B and D into one plan.
Seniors looking to supplement their Medicare coverage may find a more affordable option by using the online quoting tool available for free on Medicare Solutions. Medicare experts are available Monday through Friday, 8:00 a.m. to 8:00 p.m. Eastern Time, to answer questions and to assist users. (800) 328-7305
Founded in 2005, HealthPlanOne offers the broadest portfolios of health plans available to individuals, families and Medicare recipients. For more information, visit HealthPlanOne for individuals and families; and Medicare Solutions for Medicare beneficiaries.
- 1 - Key Drivers of Health Care Costs : American College of Physicians (2009/09/09)
- 2 - Lower Out of Pocket Insulin Costs for U.S. Medicare Seniors : Centers for Medicare & Medicaid Services (2020/05/26)
- 3 - Medicare and Medicaid Services Not to Go Forward With Part B Payment Proposal : American College of Rheumatology (2016/12/17)
- 4 - U.S. Medicare and Telehealth Services During COVID-19 Pandemic : Disabled World (2020/03/22)
- 5 - Center for Medicare and Medicaid Innovation Must Implement Payment Reforms Rapidly : Commonwealth Fund (2010/06/08)
- 6 - What is Covered by Medicare : Steve Wynler (2009/03/12)
- 7 - Medicare Recipients Can Be Denied Supplemental Medigap Coverage Due to Pre-Existing Conditions : The Senior Citizens League (2018/11/15)
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