For current Medicare Supplement policyholders their Medicare Supplement policy does NOT change. NO action is required.
For those who are eligible for Medicare on or before December 31, 2019 their Medicare Supplement options remain the same as today. They can purchase a plan that covers Part B Deductible (Plan C, F and High Deductible F).
For those who are eligible for Medicare on or after January 1, 2020 their Medicare supplement options will change. They cannot purchase a plan that covers the Part B Deductible (Plan C, F and High Deductible F). The guarantee issue plans that will be available to them our plans D, G and high deductible G, which is a new plan. They are referred to as newly eligible under MACRA (Medicare Access and CHIP Reauthorization Act of 2015.
Who is considered newly eligible? Newly eligible are those who first become eligible for Medicare due to turning age 65, disability or end stage renal disease on or after January 1, 2020.
Important if you are a current Medicare supplement policy holder or are eligible for Medicare prior to January 1, 2020 you can keep your existing coverage.
Please call us at 708-799-2655 to discuss your situation and options.