As you may have heard, Medicare Supplement Plans C and F will no longer be offered beginning 2020. With a decision from Congress, Medicare Supplement plans will no longer be allowed to cover the Part B deductible after January 1, 2020. This is an effort to control costs, as medical costs are ever increasing. Congress believes that by requiring all Medicare members to pay their part B deductible, this will help reduce medical overuse. This will only affect plans C and F since they are the only plans that do cover the Part B deductible, and will only impact certain beneficiaries.
New Medicare Supplement enrollees on or after 1/1/2020 will no longer have the option of Medicare Supplements Plan C or Plan F. Anyone already enrolled in one of these plans as of 12/31/2019 will be “grandfathered” and will still be able to continue with their plan as long as they want. So if you currently have a plan F or C you will be able to keep it, your coverage cannot be involuntarily terminated unless premiums are unpaid.
To answer the question “What is the best plan to replace Plan F?”……… The Plan that has been the most comparable option will be Medicare supplement Plan G. Plan G works identically to Medicare supplement Plan F with the only difference being Plan G not covering the Part B deductible – which is currently $183 once a year. Other than that one difference, they work exactly the same. Plan G will be a very adequate and good plan option. Furthermore, the savings on the Plan G compared to the Plan F will justify this nominal loss of coverage.
Feel free to contact our office anytime, as we are always more than happy to go over these changes and answer any questions that you may have in further detail.