Medicare Advantage (network-based plans) and Medicare Prescription Plans – Keeping Up With Annual Changes

Every year Medicare Advantage (network-based plans) and Medicare Prescription plans change.  Now they can change everything from the premium, to the network, and the copays.  Its so important to make sure that you are looking to see each calendar year what the best benefit for you will be.

Here at Hafetz and Associates we are able to help compare multiple plans to help you end up with coverage that is the best fit for your needs. Each year may bring new medications or a new diagnosis and its important to change your plan each year to help cover those changes.

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Medicare Supplements/Medigap Plan Changes Coming in 2020

There are some big changes coming up in January 2020 that will be affecting Medicare Supplements/Medigap plans.  With all the information going around here are the facts.

Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) is changing the coverage on the Part B deductible to ‘newly eligible’ Medicare beneficiaries on or after January 1, 2020.   Plans F, High Deductible F and C will be leaving the market for anyone getting Medicare Part A on or after January 1, 2020.  If you currently have these plans you can keep them and there will be no change to their benefits.  If you have Medicare Part A effective date prior to January 1, 2020 you will still have the option to switch into these plans if you wish, they will still be available for purchase.  But anyone that gets Medicare Part A on or after January1, 2020 will not have the option to enroll in these plans.

Reach out to Hafetz and Associates to answer all your questions about MACRA and what plans are available to you!

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