Medicare Supplement Insurance: Plan L
If you’ve been looking into Medicare Supplement (Medigap) plans – or if you have one already – you may already know that Medicare Supplement Plan F is the most comprehensive of the standardized Medigap plans. That is, Medicare Supplement Plan F has more generous basic benefits than any other standardized plan available in most states.
What’s going on with Medicare Supplement Plan F?
As of January 1, 2020, people newly eligible for Medicare won’t be able to buy Medicare Supplement Plan F. As part of the Medicare Access and CHIP Re-authorization Act of 2015, you may not be able to buy a Medicare Supplement plan that may cover the Part B deductible if you become eligible for Medicare January 1, 2020 or later. This includes Medicare Supplement Plan C, Medicare Supplement Plan F, and the Medicare Supplement High Deductible Plan F. The standard Medicare Part B annual deductible is $185 in 2019.
If you bought a Medicare Supplement Plan F before January 2020, you can generally keep your coverage. Existing Medicare Supplement Plan F policies cannot be cancelled by an insurance company unless you fail to pay your premiums, you gave false information on your application, or the insurance company goes bankrupt.
Medicare Supplement Plan F leaves market: what does it mean for me?
Medicare Supplement Plan F is off the market for those who are newly eligible for Medicare Part A and Part B as of January 1, 2020 and thereafter. Medicare Supplement Plan F is still available to those who buy it before that date.
If you’re not going to qualify for Medicare until 2020 or later, and you wanted to get a comprehensive Medicare Supplement plan, there are other standardized plans with almost the same basic benefits. Medicare Supplement Plan G has all the basic benefits of Plan F besides the Part B deductible.
You can compare Medicare Supplement plans anytime – just click the Browse Plans button on this page. You can also speak with a licensed insurance agent by calling eHealth.
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