Medicare Supplement Plans F and C Ending? [s3V944HGqHx]
Andrew Walsh Phone: (920) 960-4312 Email: [email protected] Website Link: So, are plans F and C really ending in 2020? Well kinda. The government is eliminating all plans with first dollar coverage so that they can free up money for their 200 million dollar dot fix legislation. And because plans F and C are the only two medicare supplement plans that offer first dollar coverage they are most likely going away in January of 2020 unless something changes with legislation. And when I say they are going away I mean that new enrollees to medicare will not be able to participate in these plans. This has happened in the past with plans E,H,I, and J being discontinued. Current medigap plan F and C policyholders that enrolled in there plans before 2020 are grandfathered in and can stay on their plans as long as the like. But do they really want to? So like I said if you look at plans F and C you can see that they cover both A and B deductibles along with most everything else. The only thing missing from plan C is Medicare Part B Excess charges, but this is not considered a first dollar coverage item. Now plans F and C are the most popular plans in the marketplace today, and in 2014 they made up two/thirds of all medicare supplement policies in force. So what will happen to peoples premiums if they stay with their plans past 2020. Well I put together a little example of what might happen. Example: 1:38 Now is this exactly how it is going to work out, NO. But nobody can argue with the concept, because this is how all insurance works. So if you are on a plan F or C today and healthy, it might be a good idea to look at other options before 2020 rolls around. And as always remember if you have any questions make sure to call me at (920) 960-4312 or shoot me a email at [email protected]. Thanks again and have a wonderful day! Andrew Walsh MedicareScreenShare Owner and Independent Agent (920) 960-4312 [email protected] MedicareScreenShare.com Medicare Plan F and Plan C Ending