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You may have heard recently that there are going to be some changes regarding Medicare Supplement Plan F.  After January 1, 2020, no NEW Plan F's may be sold to those turning 65.  Those who CURRENTLY have a Plan F in place before January 1, 2020 can KEEP their Plan F coverage.  It will be considered a grandfathered plan.  This means that there will be no changes to your current coverage and that you may keep your coverage in place.

There are however some things to consider.  When a plan is grandfathered, that means that no new policy holders will be added to the pool of people covered.  This results in that group getting older, sicker and smaller over time, which in turn results in higher premiums.

If you would like to review other options such as Plan G or Plan N for cost savings and rate stability, please contact The Insurance House (618-997-1311) to setup an appointment with Karen Cripps.  Karen is the Health, Life and Medicare Specialist for The Insurance House.

 

Posted 4:12 PM

Tags: medicare
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