MACRA is known as the Medicare Access and CHIP Reauthorization Act of 2015. With this brings a change to know about relating to Medicare Supplement (Medigap) plans.
Starting January 1, 2020 MACRA prohibits first-dollar coverage plan for those newly eligible for Medicare. This means that Plan C, Plan F, and High-deductible Plan F are no longer options for those newly eligible for Medicare starting January 1, 2020.
Newly Eligible is anyone who attains age 65 on or after January 1, 2020, OR who first becomes eligible for Medicare benefits due to age, disability, or end-stage renal disease (ERSD) on or after January 1,2020.
Medicare Supplement plans will not be replaced or eliminated. Medicare beneficiaries who started Medicare before January 1, 2020 will be able to keep, purchase, or switch to Plan C, Plan F, or High-deductible Plan F.
If you have any questions, please don’t hesitate to contact me.
Sources:
https://www.congress.gov/bill/114th-congress/house-bill/2/text
https://www.medicare.gov/supplements-other-insurance/how-to-compare-medigap-policies
