Medicare Supplement Plan F | What Happened in 2020?

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If you are wondering what is happening to Medicare Supplement Plan F in 2020, you've come to the right place. As of January 2020, new Medicare beneficiaries are not able to purchase Medicare Supplements that cover the Medicare Part B Deductible. This means that both Plan F and Plan C will no longer be available. This video explains in detail why Medicare Supplement Plan F and Plan C will no longer be offered. It also goes into detail how this can impact folks that are already on a Medicare Supplement Plan F or Plan C.
If you have one of these plans you will be "grandfathered in" and can keep the plan. We strongly advise you educate yourself on what is going to happen and what other options besides Plan F are available. Medicare Supplement Plan G is a great alternative to the Plan F and works virtually the same way as the Plan F.
The rate increases for Plan F are projected to get higher and higher. This is because there are no newly eligible enrollees buying Medicare Supplement Plan F to balance out the claims filed. The ratio of claims filed compared to received premiums is going to be skewed. Therefore higher rate increases will be inevitable to balance out the book of business.
If you are on Plan F or just starting onto Medicare it is time to educate yourself and become aware of your options. This video gives explains in depth why folks who have a Medicare Supplement Plan F should brace for impact with rate increases. It also informs folks that can still medically qualify to look into Medicare Supplement Plan G as an alternative.
Joseph Pate "Medicare Joe" is an independent Medicare insurance broker. He and his team have helped thousands of seniors make an educated decision on their Medicare options.
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