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Medicare Supplementary Insurance: Does Plan F Disappear?

As of January 1, 2020, Medigap plans sold to Medicare new entrants may not cover deductible B. As a result, plans C and F will no longer be available to Medicare new entrants on January 1, 2020 or later.

If you already have one of these two plans (or the high deductible version of Plan F), you will be able to keep your plan. If you were eligible for Medicare before January 1, 2020 but have not yet signed up, you can still purchase one of these plans.

For people with existing Plan F coverage: If you ever decide to change carrier for any reason, you will still be able to keep your Plan F coverage. This type of change will be signed, so those considering switching should keep this in mind.

Why does Plan F go away?

On January 1

, 2020, MACRA officially enters into force. The Medicare Access and CHIP Authorization Act (MACRA) is the federal law that will affect Medicare Supplement plans in all states. Only beneficiaries with existing Plan F coverage will be able to retain Plan F. Plan G will be the new "go-to" plan for those recently eligible for coverage after January 1, 2020.

What is Plan G? [19659005] Medicare Parts A and B provide insurance coverage for health-related expenses, but they do not cover all health care costs you may have. While all Medicare supplemental plans help offset these costs, Plan G will now offer the most comprehensive coverage for those who become eligible for Medicare.

What is the difference between Plan F and Plan G?

The key difference between Plan F and Plan G is that Plan G does not cover the deductible for Part B. This is because the federal government wanted each beneficiary to have an interest in their care. The good news: Premiums for Plan G are generally cheaper by more than the deductible $ 250 amount. This means that even if you are responsible for the $ 250 deductible, you can save more than $ 350 in total premiums. (Premium savings will vary depending on operator.)

What does Plan G cover?

If you choose Medicare Supplement Plan G from Erie Family Life you will not incur any out-of-pocket expenses for expenses such as:

  • Part A deductible
  • Part A hospital co-payments
  • Part B co-payments
  • Part B Surplus of Physician Fees
  • Competent Health Care Coin Insurance
  • Foreign Emergency Care

Medicare Supplement Plan G will still be a good option for those who recently qualify for Medicare. Plan G continues to enable you to choose any doctor for your care, including specialists, while eliminating many expenses associated with care. Instead of paying for copies and deductibles, you pay a monthly premium for your Medicare supplemental plan.

Am I eligible for a Medicare Supplementary Plan?

If you are 65 years of age or older and enrolled in Medicare Parts A and B, you can apply for a Medicare Supplement Plan Policy.

You can apply for a Medicare Supplement Plan Policy if you are 65 years of age or older and enrolled in Medicare Part A and B. The one-time open registration period, which begins on the first day of the month, is a person 65 years of age or older , and registered in Part B gives guaranteed problems. Individuals under the age of 65 were eligible for and registered in Part B; are not entitled to a guaranteed issue unless they have lost or have lost credible coverage. In some states, Medicare Supplement insurance is available to people with disabilities under the age of 65.

If you are considering a Medicare Supplement plan, this is a good place to start by contacting your ERIE agent. Have your Medicare ID card ready. Your agent can help you answer your questions to determine which plan is right for you and provide a free quote.

ERIE® Medicare Supplement insurance products and services provided by Erie Family Life Insurance Company. Go to erieinsurance.com for information on business licenses.

The insurance has exceptions, limitations and conditions according to which the insurance may continue to apply or terminate. For costs and complete information about coverage, contact your ERIE agent or refer to the Government Guide Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicine.

Eligibility for insurance cover will be determined at the time of application based on applicable warranty guidelines and rules in force at that time.

ERIE Medicare Supplement Insurance is not available in the District of Columbia, New York and Wisconsin. Life insurance not available in New York.

Medicare Supplement Policy Form for Tennessee: EFLMS3003 9/17 (A) TN; EFLMS3009 9/17 (F) TN; EFLMS3014 9/17 (G) TN; EFLMS3019 9/17 (N) TN.

Maryland: Medicare supplemental policies are available to people with disabilities under 65 years of age.

Not affiliated with or endorsed by the United States Government or the Federal Medicare Program. This is a call for insurance. An agent (or company) can contact you.

EFLMSB3 10/19

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