Medicare Supplement Plan F Is Going Away

CLEARWATER, Fla., June 8, 2018 /PRNewswire-iReach/ — “The truth is,” says Jagger Esch, CEO of the company, “Plan F is going away, but not for quite a while. The plan right now is for this Medicare plan to be gone by 2020, so you still have plenty of time to plan ahead, compare rates, and come up with additional coverage. There’s no need for an all-out panic.”

MedicareFAQ says that Medigap Plan F, which has until now been one of the most popularly chosen first-dollar coverage supplement plans, will end in 2020. Those who currently have Plan F will be grandfathered in, however their premiums will increase. Since there is still plenty of time before that plan ends, people who have it have more than adequate time to find a new coverage plan if they want to avoid their premiums being increased, and Esch says that his company can help.

Medicare supplement insurance (Medigap) is what we focus on,” Esch states. “We can help you find the coverage that is best for you, regarding your health and budgeting needs. Like us on Facebook! You’ll stay in the loop about this and other plans that may end soon.

“MedicareFAQ states that the changes to Medigap Plan F (sometimes called Medicare Part F) are the direct result of the Medicare Access and CHIP Reauthorization Act of 2015 . The act is designed to ensure that doctors are paid adequately for their services.

The new law will ensure that doctors receive payment for services that is fair. The purpose of the act is to find a solution to fix the payments that physicians receive so that they will continue to accept patients with Medicare coverage. Lawmakers have been afraid that many physicians would pull out and no longer accept Medicare as payment, which is what primarily prompted them to address the issue. You can read more about the 2018 Medicare changes here .

Media Contact:Lindsay Engle, MedicareFAQ, 7272630153, lengle@medicarefaq.com

Original Source: http://markets.businessinsider.com/news/stocks/medicare-supplement-plan-f-is-going-away-1026818910

Original Date: June 8 2018

 

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