Topics: medicare insurance, prescription drug coverage, Medicare Advantage plans, Prescription Drug Plan, medicare advantage, Medicare Part D, senior news, Medicare Premiums, Medicare Part C, changes in medicare, Medicare.gov, Prescription drug plans, Part C, premiums, Medicare future, breaking news, news
As of January 1, 2020 individuals who are newly eligible for Medicare will no longer be able to purchase Medigap Plan C or Plan F (this includes the high deductible Plan F option as well). This is a result of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) that prevents individuals new to Medicare from purchasing Medigap plans that pay for the Part B deductible, which is currently $185 for 2019. Both Plans C and F cover the Part B deductible. This law also applies to the 3 states- Massachusetts, Wisconsin and Minnesota- who operate their own Medigap systems.
Topics: Medicare Supplement Plans, Medicare Supplements, Medicare Supplement, Medigap, centers for medicare and medicare services, TSS Fans, Medicare future, breaking news, future of Medicare, news, 2020
According to the 2019 annual report released this month by the Medicare Board Of Trustees regarding Medicare’s two separate trust funds- the Hospital Insurance (HI) Trust Fund, and the Supplementary Medical Insurance (SMI) Trust Funds- found that one of these two Medicare trust funds is on track to run out of reserves in seven years- these estimates aligning with last year's projections.