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 Rhode Island? 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
In years past supplemental plans were allowed to offer prescription coverage. Not anymore. Today, supplements must be in lock-step with Original Medicare. If Medicare doesn't cover it, then supplemental insurance can't cover the gap. That means the only way to get help with prescriptions is through a Rhode Island Medicare Part D plan.
Rhode Island Medicare Supplements are Regulated by Law
Rhode Island insurance carriers are required to follow both state and federal laws regulating Medicare Supplements. Plans are standardized and must provide the exact coverage mandated. The only variance is the premium and how the premium is calculated.
All supplements sold in Rhode Island 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 you can visit your state's Department of Insurance website at http://www.dbr.state.ri.us/.
Just a friendly remainder that Medicare does not cover routine dental care. We have a complete catalog of Rhode Island dental insurance for seniors.
Looking for Assistance?
There are numerous insurance counseling resources available to Medicare beneficiaries. One of the best in Rhode Island 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:
- (401) 462-0510
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