Big Changes On The Horizon: Medicare supplemental plans in 2010 will lower premiums to consumers and may provide additional benefits than their current plans. Hospice care benefits will be added to all Medicare supplement plans. Furthermore, plan G will have 100% coverage for excess charges, instead of the 80% it currently covers. Medicare supplement plan N and M will be rolled out on June 1st, 2010. Reviewing Your Current Medicare Supplemental Plans: There will be general changes to the Medicare program itself. Rates for deductibles and co-payments will be increased by Medicare. Your supplemental insurance will change to pay for these increased expenses. Open enrollment for changing your Part D Medicare prescription drug plan, Medicare Advantage plans and most group insurance plans start November 15th. and end December 31st. 2009. Some plans allow you to change between January 1st. and March 31st. of 2010.
Make sure to review your options because while Medicare part D can help reduce the costs associated with medications, it may not be used with some existing Medicare plans.
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November 16, 2009
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