Your Weekly Medicare
Consumer Advocacy Update
A Discount on Drugs
May 27, 2010
Volume 1, Issue 13
On June 1, several changes to Medicare supplemental insurance plans, also known as “Medigap” plans, will take effect. Starting June 1, there will be two new Medigap plans (M and N), and four plans (E, H, I and J) will no longer be sold.
Furthermore, Medigap plans sold after June 1 will feature different benefit packages. If you bought a plan before June 1, 2010, you can keep it, and your benefits will not change. In general, if you are happy with your current plan, there is no reason to switch.
Remember that plans are not required to sell you a policy if you are not within a time that you have the right to purchase a Medigap. If you would like to switch, you should contact your State Health Insurance Assistance Program (SHIP) or state Department of Insurance for unbiased advice.
Medicare consumers will soon receive a brochure that describes how people with Medicare will be affected by health reform. The brochure, “Medicare and the New Health Care Law – What it Means for You,” was mailed earlier this week by the Centers for Medicare & Medicaid Services (CMS).