As of June 1, 2010, the Medicare Supplement (Medigap) added two new consumer options: the Medicare supplement “M” plan and the Medicare “N” supplement plan. At that time, Medigap’s E, H, I, & J plans were discontinued as the benefits of recovery and home-based preventive care were eliminated since they were identical to other Medigap policies. Medicare hold the position that these two benefits are not needed at current Medicare facilities. Couple with these modifications, new Hospice Care Benefit Co insurance coverage has been included in every new Medicare supplemental insurance plans.
Insureds can currently maintain existing insurance plans, but as of June 2010, the subscription has expired for all current plans. Medigap’s existing strategies were divided into one group and all strategies acquired after June were classified into new strategic categories. There was no reason to buy a plan against another (buy only the appropriate plan) because all plans acquired after June 1 were included in the draft of a “new plan.”
However, it is difficult to know which supplement provider will provide the new M and N plans. As many insurers provide extra plans, it is important that you seek for the best premium.
It is strongly recommended that you consult a qualified, independent Medicare counselor because the agents employed by the company only propose the plans of your company. An independent consultant can help you find a plan today and suggest alternatives whenever a new plan is introduced. For those who turn 65 before June 2010, the independent agent can now provide services and save time each year as new plans and rewards become available.
Plan for new Medigap
The Medicare N supplement offers similar benefits to Medicare Supplemental Plan D (and not Plan F as others suggest), but a $ 20 fee is charged for the medical exam and $ 50 for the room visit. of emergencies. This additional payment must be applied after the deduction of $ 135, but the doubts persist as to how payment will be made with the co-pay and deductibles.
The good news is that these plans aim to have equivalent premiums at about 70% of the cost of the F plan, or about 77% of the current Medigap D plan. The Medigap M plan will also have similar benefits to the “Supplement.” D “Medicare, but will only provide 50% of Part A deductible, non-deductible Part B deductible, but not co-pay.” The cost of the M plan should represent approximately 85% of the plan F or Medigap (or 92% of the current plan of D).
Industry experts are enthusiastic about these changes as beneficiaries are attracted to a smaller premium. Unfortunately, these plans are formulated by academics and bureaucrats who do not understand the needs of consumers. We are not sure that the new plans meet exactly the needs of consumers. These plans (M & N) do not include the excess of $ 135 or excess spending allowed by many states. However, Medicare’s additional health care plan is expected to generate real savings for consumers.