Medicare supplement plans are changing: What you need to know before taking the next steps

Medicare supplement plans are changing: What you need to know before taking the next steps Are you up to date with the changes that are coming for people who enrolled or who want to enroll in the Medicare supplement plans? The way your Medicare supplement plans may change very soon. Thus, if you or your loved one is interested in this plan, it is important you read the new updates about this policy.

Additionally, you should compare various plans available to check which one is the best for you.

One of the policies you should definitely look into is the Medicare Advantage Plan. Compare it with other plans to see if the changes coming to Medicare Supplement plan will make you switch plans or not.

Top Changes To Expect in Medicare Supplement Plans This year

Big changes are coming to Medicare Supplement plans this year. We mean really big changes.

Take, for instance, you may not be able to access the Plan F of the Medicare Plan, otherwise known Cadillac Plan for Medigap. This plan was originally designed for people who don't like healthcare surprises. It grew to become the most popular plan for services which are not covered by Medicare. The Trump administration thinks that the cost of maintaining Plan F is too much and therefore cutting the plan to save cost. However, the good news is that you will still have access to 8 other supplement plans.

Experts think that Plan G will become very popular in the coming months for people who want coverage without surprises. If you are 65 or over and already enrolled in Plan F, you will be able to maintain it even after it comes to an end next year. However, it is not possible to buy Plan F if you turn 65 in 2020.

Another change we expect in January 2020 is a difficulty with switching plans. From January 1, 2020, it could be very difficult to switch plans if you are in Medicare now and buy Medigap or Medicare Advantage plan. You may only be allowed to switch plans if you are a victim of diabetes, heart attack or cancer as well as other listed diseases. Some states do screening to see who can switch plans.

Plan G to become popular: If you love Plan F so much, you don't have to worry. Plan G will replace Plan F and it is almost identical to it. The only significant difference is the $183 deductible that you have to pay at the beginning of the year. Apart from this, you will still enjoy the same benefits that come with Plan F with Plan G. It is important to note that this premium may differ by state and an insurance company.

Final Words Switching to Plan G seems like no brainer. Since Plan F will no longer accept new 65-year olds, Plan G, at the moment is the best Medicare Supplement plan. If you are thinking of what you will do when you turn 65 in 2020 or after that, there is no need to worry but to sign up for Plan F of Medicare plan. However, if you are not so sure about that, you could talk to experts.