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.