Congress has a new bill that will take effect in 2020. It is called the Medicare Access and CHIP Re-authorization Act of 2015. It will mean that Plan F will no longer be available to new members. Congress wants to curb the use of medical services. As Plan F covers non-essential medical care this means that if you want to go to the doctor for procedures that are deemed “less important” you will need to pay out of pocket.
What is Plan F
Plan F is Medigap insurance that covers the gap between what your Medicare pays and what your doctor charges. Plan F is the most popular Medigap cover. It covers all deductibles not covered by Plan A and Plan B.
Will it impact you?
If you are already a Plan F enrollee, it should not impact you at all. The law states that newly eligible enrollees will be affected. If you are enrolled before 12/31/2019 you will be allowed to continue on your coverage. You can choose to change to Plan G which provides the exact same coverage except you will need to pay the annual Plan B deductible. Plan G can be up to $100 cheaper per month so it will balance out the deductible.
Changing before 2020
If you decide to switch your provider, you need to make sure that you read the fine print. Make sure that you do not sign a contract that will increase dramatically after the first 6 or 12 months. You also need to make sure what your state’s laws are regarding this. You also need to make sure to do it as soon as possible as some pre-existing conditions will make it difficult for you to get Plan F insurance. Have you ever visited HR before? If not then why not click here today!