Update on Annual Meeting- American Association for Medicare Supplement Insurance

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Update on Annual Meeting- American Association for Medicare Supplement Insurance

21 March 2013

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Categories: Medicare Articles

Update on Annual Meeting- American Association for Medicare Supplement Insurance

05/21/2012 There were several takeaways from the conference I attended and spoke at last week. A recurring theme is Medicare is in trouble, and changes are coming. One change is in the works is a redisgn to Medicare Supplements Plan C and Plan F. Uncle Sam believes that seniors with Medicare Supplement Plan that have “first dollar coverage” abuse Medicare because there is no cost sharing involved and that they are much more likely to see doctors, have treatment etc. It looks like these changes will go into effect sometime in 2015. I don;t believe the specific changes have been agreed upon yet, but it appears like there will be a deductible, somewhere along the lines of $600, and then co-pays on certain services, up to a maximum out of pocket. These changes will make the Plan G the new Cadillac plan after the redesign. I will provide more insight during the week. Any questions, email or call.

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