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How This New Rule May Affect Your Medicare Supplemental Insurance

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Do you plan on getting Medicare and using supplemental insurance to help cover some of the costs? If so, the Medicare Access and CHIP Reauthorization Act (MACRA) of 2015 may affect you.

MACRA has a new rule that could affect new Medicare recipients. As of January 1, 2020, Medicare beneficiaries that have become newly-eligible cannot purchase supplement plans that cover the Part B deductible. MACRA will affect Medicare supplement plans C, F, and High-deductible F, as well as Minnesota and Wisconsin Part B deductible coverage.

If you are eligible for Medicare before January 1, 2020, here is what you need to know. 

  • Your plan options that cover the Part B deductible will not change, wherever they are offered.
  • If you have a Medicare supplement insurance plan already, the benefits in your policy won’t change.
  • Your policy will last as long as your premiums are paid on time. 

If you are eligible for Medicare on or after January 1, 2020, you need to know the following information.

When you select the option for Original Medicare for healthcare coverage, you can still choose from many supplemental options. 

Medicare supplement options will vary depending upon your location. 

What the policy covers will vary, but no policy will cover the deductible for Part B for the calendar year.

Have questions but don’t know where to turn? We’re Medicare savvy! You can reach out to us by calling (806) 350-7380 to learn more information about this may affect your healthcare.

Copyright by Medicare Amarillo 2019.