Medicare - Medi-coup?

M

edicare Supplement (MediGap) Insurance coverage changed on June 1, 2010.

This will change Medicare Part C (Medicare Advantage) and private Medicare Supplement/MediGap policies.

Some versions of MediGap will be discontinued, new ones will appear, and the surviving plans will all change.  Our red lines in the accompanying chart, “MediGap’s Alphabet Soup”, show which plans are discontinuing.  Supposedly, everyone will get the right level of coverage, at a cost he/she can afford.

As of June 1^st, Medicare dropped policies E, H, I, & J, while adding 2 new policies (M & N):

·         Plan M comes with a 50 percent benefit for the Part A deductible.

·         Plan N comes with a $20 copayment for Part B office visits, and up to a $50 co-pay for emergency room care when not admitted to the hospital

·         Medicare added hospice coverage to all plans

·         Medicare removed preventative care & home recovery benefits from all plans

For more information, contact Eric or Andrew at AArnold@SimonsFinancialNetwork.com or (917) 267.7800.

www.SimonsFinancialNetwork.com