Medicare Plan F Going Away 2020
You probably heard people talking about Medicare Plan F Going Away 2020.
Medicare Supplement plans F and C discontinuance clarification; some people are misinterpreting this. The information we provide below will give you some clarification.
- As of 1-1-2020 Medicare supplements that cover the Medicare part B deductible will not longer be available to those newly eligible to Medicare.
- This means that anyone who becomesELIGIBLE for Medicare on 1-1-2020 or later will not be able to buy either a plan F, C or a high deductible F.
- Those that became eligible for Medicare prior to 1-1-2020 will still be able to purchase plans F, C and high F after 1-1-2020.
- In other words, companies will still offer plans F, C and high F after 1-1-2020, but only to those who are eligible.
- Those who are already on one of these plans will be able to stay on that plan if they choose to.
- Although High deductible F plans do not cover the part B deductible, they will also be discontinued.
- The reason is that companies are going to offer high deductible G plans. These plans will work the exact same as the High deductible F plans and have similar premiums. Those newly eligible for Medicare after 1-1-2020 can look at high deductible plan G as an alternative to high F.
- Medicare Supplement plan G will offer beneficiaries an alternative to plan F for those eligible for Medicare 1-1-2020 and later.
- Plan G provides members the same benefits as Plan F with only one exception; Plan G does not cover the annual part B deductible of $185 (2019). Other than that, it provides the same coverage. In most cases, Plan G also has a lower premium when you compare it to Plan F. Because of this, the difference is usually not a factor.