Recently came across a good news article that outlines policy changes that started last June 2010 in Medicare Supplemental policies. Here we are referring the Medigap plans, which is a plan that covers expenses that seniors can undergo while having Medicare.
The main change that took place is that four standard plans were removes; referring here to plan H, I, J and E. instead of them, there are new two plans: M and N. these two new ask seniors to pay more when they want medical care but offer low premiums. Plan M covers 50% of Medicare’s deductibles while plan N covers 100%. Another change is that people who receive hospice or respite care was added to all Medigap plans.
For people who already have Medigap plan, they can keep their plan as long as they are paying the premiums, but the policies should be renewed by the insurer.
Otherwise, they can shift to the new plans 30 days after their birthday. Once you start looking for a new plan, make sure that the insurance company is reliable. Also keep in mind that you can only go for a plan with the same benefits you had in your old plan
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