Medicare Supplemental Plan F is Going Away in 2020
The highly prized Medigap Plan F is about to be a thing of the past. The government is forcing it out as a way to cut costs. The good news is that you can keep it if you have it. Will it actually cut Medicare cost in Oklahoma? It's anyone's guess, but the theory is that seniors will use their doctor less often if they have to pay out-of-pocket.
Supplemental Plans Work with Medicare Part D
A supplement does not pay for your prescriptions. By law, supplemental insurance must cover Original Medicare covers, and nothing more. Foreign travel coverage is the only exception. To get help with your prescriptions, you'll need to join a Oklahoma Medicare Part D plan.
Oklahoma Medicare Supplemental Plans are Standardized
By law, all Medicare Supplements sold in the state of Oklahoma are standardized. This means that every policy must be clearly identified as Medicare Supplement Insurance and it must offer the exact coverage allowed. This allows all plans to compete on price (premium).
All supplements sold in Oklahoma offer the basic benefits of Plan A. All other plans include additional levels of gap coverage. This lets you to select the amount right coverage for your personal needs.
Each carrier decides which plans wants to issue. State law mandates that:
- Carriers are not required to offer every plan;
- Carriers must offer Plan A (basic benefits); and
- Carriers must also offer Plan C or Plan F.
To learn more, visit the Oklahoma Department of Insurance website at http://www.ok.gov/oid.
Just a friendly remainder that Medicare does not cover routine dental care. We have a complete catalog of Oklahoma dental insurance for seniors.
Looking for Assistance?
There are numerous insurance counseling resources available to Medicare beneficiaries. One of the best in Oklahoma is the State Health Insurance Assistance Program (SHIP). They offer free, one-on-one counseling and assistance. You can contact them by telephone or by visiting their website:
- 1-800-763-2828 (in state only); (405) 521-6628 (out of state)
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