Florida Medicare Changes in 2020
Whether Medicare has been your health care plan for many years, or you expect to be eligible for Medicare on or after January 1, 2020, there are some things you need to know about changes coming to Medicare Supplement plans and the Donut Hole.
By: Mintco Financial
As of December 31, 2019, Palns C and F are being eliminated. The good news is that if you enrolled in Medicare Part A by December 31, 2019, and have a Medigap Plan C or F, you may keep it. You may even purchase your Medigap Plan from a different company as long and you medically qualify, or make the change during an Open Enrollment or Guaranteed Issue time.
For example, if you receive a notice that your premium for Plan C or F is being increased, you will still be able to shop for a Plan C or F from a different company.
Plans C and F have been among the most popular Medigap Plans since they are the only ones that cover the deductible of Medicare Part B.
If you were eligible for Medicare prior to January 1, 2020, but not yet enrolled, there is a chance that you will still be able to purchase a Plan C or F Supplement Plan.
If you enroll in Medicare on or after January 1, 2020, you will not be able to purchase a Medigap Plan C or F. There will be no Medigap Plan available to you that will cover the Plan B deductible. You will be able to purchase a Plan G, which has all the benefits of Plan F. However, it does not pay the Part B deductible.
Legislators thought that if every recipient of Medicare had to be responsible for some out-of-pocket expenses, they would go to the doctor less often. This will benefit the government by saving it money on health care expenses.
How We Can Help
At Mintco Financial, we help Medicare recipients learn more about supplements. We'll also show how to shop for one that meets their specific needs and their budget. We understand the different state requirements and restrictions.
Contact us for help as you navigate through the maze of Medigap Plans. You can get your free Medicare Supplement quote or call 813-964-7100.