The world of healthcare has experienced monumental change since the advent of Medicare in 1965. As such, people are getting less and less of the coverage they need. To counteract the changes in Medicare, the government implemented Medicare supplement plans in the 1990s.
These Medicare supplement plans (also known as Medigap) help to take care of health-related expenses not covered by Medicare. However, these plans have also spent their time in the medical industry and not changed with the times.... Hence, change is arriving soon!
In June of 2010, the government will be eliminating duplicate coverage by discontinuing four of the 12 Medigap plans, remodeling some of the other plans, and implementing two new plans that have lower premium payments and different benefits. The details of the changes are not of utmost importance; however, you need to understand what is happening and how it will affect YOUR supplemental insurance.
Medicare supplemental insurance companies and the government are strategizing to make sure that people are informed and prepared for the changes. However, you should be proactive and commence research of these changes on your own.
When researching, focus on the plan that you have and figure out what (if anything) is changing concerning your plan and others. You can find a bevy of information online that can be exceedingly helpful in your quest for insurance coverage.
Do not hesitate to ask your provider about the changes coming to Medicare supplemental insurance and how those changes will affect you. Ensure that you do what is necessary to receive the coverage that you need throughout your life.
Once the changes to Medicare supplements go into effect, those under policies that are discontinued are likely to pay higher premiums and risk the inability to change to a different plan if they do not act quickly.
Similarly to nearly everything in life, you need to be prepared. This preparation need extends to Medicare and supplemental insurance plans, because your healthcare is of the utmost importance.
Although you may not think that these changes are a big deal, you should still consider your current coverage and be alert of how the changes to occur will affect it. Whether you are just entering the Medicare market or have been in it for years, you should choose your supplemental plan with care and be sure to get the necessary coverage after these changes occur.
These Medicare supplement plans (also known as Medigap) help to take care of health-related expenses not covered by Medicare. However, these plans have also spent their time in the medical industry and not changed with the times.... Hence, change is arriving soon!
In June of 2010, the government will be eliminating duplicate coverage by discontinuing four of the 12 Medigap plans, remodeling some of the other plans, and implementing two new plans that have lower premium payments and different benefits. The details of the changes are not of utmost importance; however, you need to understand what is happening and how it will affect YOUR supplemental insurance.
Medicare supplemental insurance companies and the government are strategizing to make sure that people are informed and prepared for the changes. However, you should be proactive and commence research of these changes on your own.
When researching, focus on the plan that you have and figure out what (if anything) is changing concerning your plan and others. You can find a bevy of information online that can be exceedingly helpful in your quest for insurance coverage.
Do not hesitate to ask your provider about the changes coming to Medicare supplemental insurance and how those changes will affect you. Ensure that you do what is necessary to receive the coverage that you need throughout your life.
Once the changes to Medicare supplements go into effect, those under policies that are discontinued are likely to pay higher premiums and risk the inability to change to a different plan if they do not act quickly.
Similarly to nearly everything in life, you need to be prepared. This preparation need extends to Medicare and supplemental insurance plans, because your healthcare is of the utmost importance.
Although you may not think that these changes are a big deal, you should still consider your current coverage and be alert of how the changes to occur will affect it. Whether you are just entering the Medicare market or have been in it for years, you should choose your supplemental plan with care and be sure to get the necessary coverage after these changes occur.
About the Author:
Learn more about Medicare supplements. Stop by GoMedigap's site where you can find out all about Medigap plans and what they can do for you.
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