Mar 18, 2010

Alert: New Medigap Choices

Medigap plans are changing, and seniors and their families should take note.  Medigap plans are private insurance policies that cover the many expenses, for example co-pays, that Medicare does not cover. Starting June 1, 2010, three plans will no longer be available, and two new ones will be made available. This will bring the total number of available Medigap plans to 10.

Medigap Plans E, H and I will no longer be sold beginning June 1. But if you already own an E, H or I Plan, you will be able to keep it.

Two new plans will be added. Plan M will pay 50 percent of the Part A deductible and some of the cost of foreign travel emergencies. It will not cover the Part B deductible. Plan N will pay the full Part A deductible, but it will require a $20 copayment for Part B office visits and up to a $50 copayment for emergency room visits. Plan N will also cover foreign travel emergencies.

Some of the benefits offered by various plans will also be restructured. For example, home health recovery benefits and preventive care benefits currently available under same plans will be dropped. All plans will include benefits to cover out-of-pocket costs imposed by the Medicare Hospice Benefit.
For details on these changes, click here.

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