When navigating the world of Medicare, it's up to each individual to try and find the plan that will work best for their needs. Many find that a Medigap policy is a way to fill in any holes in their regular coverage, while still ensuring that the insurance is affordable overall. To find the plan that fits the best, however, it's a good idea to also stay on top of the latest trends and changes to Medicare plans. As of June 1, 2010, there have been several changes to Medicare policies that are worth taking notice of. This will help you to make the best decision when comparing various policies.
One change to Medicare and Medigap policy that has taken place in regards to basic benefits is that with policies effective on or after that June 1 deadline, any hospice part A coinsurance will be covered under this plan. Plan K will now cover 50% of any outpatient prescription drug coinsurance costs, and Plan L will cover 75% of the costs. That is good news for anyone seeking more comprehensive care in a hospice or outpatient setting. Some other small changes to basic care have also been added in this year.
There are two new plans that have been added in to the Medicare world, which will eliminate the need for Medigap policy changes in this field. These are plans M and N. They are meant to be more comprehensive than their forebears, as generally speaking the level of coverage gets higher as you work your way through the alphabet. There are a number of websites that help compare these various plans, including the newest additions for 2010, with a side by side analysis of their different benefits and price points.
There are a few Medigap policy types that are no longer available after 2010, including the former Plans E, H, and I. However, if you already purchased these you can continue using them. Any insurance companies that are selling these Medigap policies are also required to offer Plan A to their clients. Because these specifics of the plans that are offered vary by state, it's a good idea to speak to a local insurance representative in order to determine what you may be eligible for in your specific state of reference. These changes outlined above have been made on a federal level for the most part, but there could be some slight differences.
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