Medicare Plans and Medicare Enrollment 2020

Medicare Supplement Plan F Rates

Medicare Supplement Plan F Rates

Medicare Supplement Plan F rates in 2020 will increase more than normal for a number of reasons. A big reason is MACRA law.

What is MACRA?

MACRA is the Medicare Access and CHIP Reauthorization Act of 2015. This law will become effective January 1, 2020 and will change Medicare supplement plans in all states. MACRA is a federal law that will change who can buy Medigap Plans F, High F, and C. Starting in 2020, only beneficiaries of Medicare who are not newly eligible can keep Plan F, High F and C. In other words, if you are new to Medicare, you will not be eligible for Plan F, High F, and C.

New Medicare Cards

In addition, MACRA law requires the removal of Social Security Numbers (SSNs) from all Medicare cards. As a result, the new Medicare Number (sample shown below) helps to prevent identify theft and taxpayer fraud.

medicare supplement plan f costs
New Medicare Card

MACRA is a value-based program

MACRA law reforms how health care is delivered and paid for. For example, instead of paying providers solely on the number of patients serviced (quantity), value-based programs reward health care providers with incentive payments for the quality of care they give to people on Medicare. Value-based programs provide you with better care. Consequently, this results in healthier populations and lowers the cost of health care. Get more info on value-based programs.

What are the “Newly Eligible” Medigap Plans?

People who will enroll in Medicare for the first time are “newly eligible”. You become eligible for Medicare when you turn age 65, have a qualifying disability or a terminal illness such as end-stage renal disease. In other words, if you already had Medicare Part A and B in 2019, then you are NOT considered “newly eligible” and the MACRA rules do not apply to you. People newly eligible for Medicare in 2020 have the following guaranteed issue plans: Plans D, G, and high deductible G (which is brand new!) Learn more about Medicare Supplement Plans (Medigap).

Is Medicare Supplement Plan F going away in 2020?

Medigap Plan F will not be available for people “newly eligible” in 2020. However, Medicare Supplement Plan F will still be available to existing Medicare enrollees. For example, if you had Medicare Parts A and B on or before 2019, you will still have the option of enrolling in Medigap Plan F. Moreover, according to Robert Bache, owner of Senior Healthcare Direct, “We are going to see record Medicare premium rate increases for Medicare Supplement Plan F in 2020.” Watch MedicareBob’s video below for details:

When you get a big rate increase on Plan F, what can you do?

In the video above, MedicareBob says, “When you do get that increase… You do not have to keep Plan F until October. You are allowed to shop all year long!” In other words, you can shop and save on your Medicare Supplement Plan F anytime in 2020. So when you get that big rate increase on Plan F, the solution is easy. You just click the “Get Quote” button below and one of our licensed agents will give you a call. Furthermore, as MedicareBob says in the video, “Just one agent will give you a call. You are not going to be bombarded with phone calls.” Moveover, “The reason you want to speak to one of our agents is we are licensed with all the top Medicare companies. So we will help you get the most cost effective Medicare Supplement plan for 2020.”

Click the “Get Quote” button below and save money on your Medicare Supplement plan.

medicare supplement plan f costs

Medicare Drug Plan

Change Your Medicare 2020 Drug Plan Today

medicare 2020 drug plan

You can get the Medicare drug plan you want in 2020! Here’s the big Medicare Part D and Medicare.gov update: During the last 2019 Annual Enrollment you may have used the new Medicare.gov Plan Finder which was rolled out in October 2019. Unfortunately, there were a lot of errors with this new Plan Finder. Our agents at Senior Healthcare Direct were one of the first to realize that a lot of data from Medicare.gov plan finder was not adding up. For example, the Medicare.gov Plan Finder did not match up with the carriers.

Helping You Get The Right Drug Plan

To help our clients, we cross referenced Medicare.gov and the carrier information. As a result, we helped our clients get the right drug plan. However, other Medicare agencies or individuals who did not know ended up enrolling in the wrong plan. Consequently, there have been a lot of complaints to Medicare. Because there were enough complaints, Medicare opened up a new Special Enrollment Period. So if you used plan finder in 2019 and chose the wrong 2020 drug plan because the information provided was inaccurate, you can change your drug plan. Therefore, you do not have to wait until October 2020. You can get a new drug plan today! Watch the video below for more details.

You Can Change Your Medicare 2020 Drug Plan

MedicareBob, owner of Senior Healthcare Direct, breaks the news about Medicare Plan Finder inaccurate information and how you can change your drug plan today. Watch the video to get more details and learn what to say when you call Medicare to change your drug plan.

MedicareBob’s Big 2020 Announcement

How to Change Your Drug Plan

You can make changes to your Medicare Advantage or Medicare Part D plan. If you made the wrong plan choice because of inaccurate information on the Plan Finder, call 1-800-MEDICARE and explain your situation. For other special circumstances, such as you move or lose other insurance coverage, visit Medicare.gov

medicare 2020

Medicare 2020: Medicare Advantage vs. Supplement Plan, which is better?

Medicare 2020: Medicare Advantage vs. Supplement Plan

There are a number of differences between Medicare Advantage and Medicare Supplement plan. The Medicare 2020 chart below highlights the major differences. For easy reference, benefits are green and disadvantages are red.

Click Medicare 2020 chart to embed or download infographic

2020 Medicare Advantage vs Medicare Supplement

Medicare Advantage has a smaller, local network of providers. While Medicare Supplement network has over 800,000 providers nationwide. You must have Medicare Part B and pay $198 deductible for a Medicare Advantage plan. However, a Medicare Supplement plan pays the 20% co-insurance expense of Medicare Part B and the deductible of Part A ($1408 in 2020). Medicare Advantage has set co-payments. While Medicare Supplement covers your co-pays for hospital stays, skilled nursing facility care, hospice and home health care. Essentially, Medicare Supplement fills the holes in Medicare so you don’t have any surprise bills. That’s why it is also called Medigap. For example, when you go to the hospital, the Supplement plan pays your $1408 deductible. However, Medicare Advantage charges you around $300 per day each day for days 1-7. As a result, spending a week in the hospital with Medicare Advantage will cost you $2,100.

Referrals and Underwriting

Medicare Supplement plans have consistent benefits from year to year. On the other hand, Medicare Advantage plans may change their benefits. So you will have more homework to review upcoming Advantage plans. Medicare Supplement plan require no referrals. So you can quickly go to any doctor or hospital without a referral or prior authorization. However, HMO Advantage plan requires you to get referrals. There is no medicare underwriting requirements for Supplement plan as long as you apply within your initial 6 month enrollment period (get more details on Medicare Supplement plan). Likewise, all health conditions are accepted except End-Stage Renal Disease (ESRD).

Premiums

Medicare Advantage plans have lower monthly premiums. However, you will pay extra every time you use your benefits by paying fixed co-payments and co-insurance. Moreover, you will continue to pay for benefits until your reach your maximum out-of-pocket limit of about $7,000. On the other hand, Medicare Supplement plans have higher monthly premiums. However, the plan pays all copays and co-insurance costs for Medicare covered services. In other words, you total out-of-pocket equals your annual premium amount. Therefore, you get a predictable monthly expense.

Prescription Drugs

Medicare Supplement require you to add Medicare Part D plan to cover prescription drugs. To avoid late enrollment penalty, you want to enroll in Medicare Part D during your initial open enrollment period October 15 – December 7. If you missed open enrollment, the new open enrollment is January 1 – March 31, 2020. Click here for details on Medicare New Enrollment 2020. Most HMO Medicare Advantage plans cover prescription drugs. Likewise, PPO and PFFS plans may also cover prescription drugs.

Medicare New Enrollment 2020

Medicare New Enrollment 2020

Medicare Advantage New Enrollment 2020

Want to change your Medicare Advantage coverage for 2020? Medicare announces new open enrollment dates for 2020: January 1 – March 31, 2020.

Your Medicare Advantage plan change will take effect the month after you submit your enrollment.

Enrollment / plan change options:

  • Switch from Medicare Advantage to Original Medicare plus a Part D plan
  • Switch from one Medicare Advantage plan to another

You can only switch or change your plan one time between January 1 and March 31, 2020. In other words, once you make a change you can not change it until the next enrollment period.

Medicare Part A / Part B New Enrollment 2020

You can enroll in Medicare Part A and Part B between January 1 to March 31, 2020. Your Medicare coverage will take effect on July 1, 2020.

Enrollment / plan change options:

  • General enrollment for Medicare Part B – for people who did not enroll last in 2019. A late enrollment penalty may apply.
  • Medicare Part A general enrollment period – for people who pay premiums for Medicare Part A and did not enroll in 2019 (late enrollment penalty may apply).

Medicare beneficiaries who enroll in Medicare Parts A and B will have 3 months (April through June) to enroll in Part D plan to supplement their coverage.

Shop and Save on Medicare Coverage in 2020

Senior Healthcare Direct is happy to help you shop your Medicare plan for 2020. It is easy to get a quote to compare plans with all top Medicare carriers. We can help you get the most cost effective plan that fits your needs in 2020. Click the get quote button to shop and save today.

medicare enrollment period 2020

2020 Medicare Supplement Plan and 2020 Medicare Advantage Plan

Medicare 2020 Increases and Updates

Medicare 2020 – Best Medicare Supplement 2020 – Best Part D Drug Plan 2020

MACRA – 2020 MEDICARE CHANGES