MHI – Q: Have you heard the F plan is going away?

Posted by Jan
A: This statement ranks right up there with “The world is flat!” The F plan is not going away! The F plan, the most popular of the ten standardized Medicare Supplement plans available today will no longer be sold to people who become eligible for Medicare on or after January 1, 2020. (This applies to the less popular C plan as well.)

If you turn 65 prior to 1/1/2020, you may keep your F plan. Your plan will work exactly the same after January 1, 2020 as it does today. You pay the monthly premium. Medicare pays 80 percent. Your F plan supplement pays 20 percent and you pay nothing. And you can still buy the F plan in the future, whether it’s before or after 1/1/2020. The benefits will be the same as they are today.

If you turn 65 on or after 1/1/2020, you will not be allowed to purchase Plan F.

What’s causing all the ruckus? Thanks to MACRA, a law passed in 2015, companies will not be allowed to sell Medicare Supplements that cover the Part B annual deductible to anyone who qualifies for Medicare on or after January 1, 2020. They may continue to sell the F and the C plan to anyone who becomes eligible for Medicare prior to that date.

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