What’s New with Medigap (Medicare Supplement Insurance)

A Guide to Health Insurance for People with Medicare
 
Nov. 30, 2010 - PRLog -- The Centers for Medicare and Medicaid Services (CMS) and the National Association of Insurance Commissioners (NAIC) have joined together to develop this official government handbook that serves a purpose to help those individuals with Medicare better understand Medigap, also known as Medicare Supplement Insurance. Medigap is a private insurance that helps fill gaps in services that original Medicare doesn’t cover.

Included in this guide are new and important changes to Medigap (Medicare Supplemental Insurance) policies, which include:

  What a Medigap (Medicare Supplemental Insurance) policy is
  What’s new in 2010
  What Medigap policies cover
  Your rights to buy a Medigap policy
  How to buy a Medigap policy

Excerpts from Guide:

“Basic Benefits – Hospice Part A coinsurance (outpatient prescription drug and inpatient respite care coinsurance) will be covered as a basic benefit.  Plan K will cover 50% and Plan L will cover 75% of these costs.”

“Part B Coinsurance – Plans K, L, and N will require you to pay a portion of Part B coinsurance and copayments, which may result in lower premiums for these plans. All other Medigap policies pay Part B coinsurance or copayments at 100%.”

“New Plans Offered – Plans M and N are new choices"

“Plans D and G – Plans D and G bought on after June 1, 2010 have different benefits than D or G plans bought before June 1, 2010. But, if you bought Plan D or G before June 1, 2010, you can keep that plan and the benefits won’t change.”

“Plans No Longer for Sale – Plans E, H, I, and J will no longer be sold after May 31, 2010. But, if you already have you buy Plan E, H, I, or J before June 1, 2010, you can keep that plan.”

The Society of Certified Senior Advisors (SCSA) provides free resources and tools for our members as an ongoing commitment that we have in helping professionals to understand the complex and dynamic lives of modern senior citizens. Please visit the Free Resources section of the CSA website, at http://www.csa.us/FreeResources.aspx.

To learn more about these important changes and see this guide in full, you can visit the Centers for Medicare and Medicaid website at http://www.cms.gov/.

About SCSA
SCSA’s mission is to educate professionals to work more effectively with their senior clients. For those who work with seniors, this means understanding the key health, social and financial factors that are important to seniors—and how these factors work together. CSAs are able to integrate this into their professional practices, no matter what field they’re in. They’ve learned how incredibly gratifying it is to help seniors achieve their goals, and the seniors they’ve worked with have learned how important it is to work with someone who truly understands their age-related circumstances.  For more information about SCSA and its educational course, please visit www.csa.us.

Contact:
Erica Ananich, SCSA
(888) 538-2599
society@csa.us

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SCSA educates professionals to work more effectively with their senior clients. That means understanding the key health, social & financial factors that are important to seniors — so you can find success in the senior market.
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