Celebrating 10 years as a Medicare Specialist, October 2018
Medicare Made Simple, LLC
Theresa Cangemi CSA, CLTC
Office: 315-676-4933 
Fax: 866-476-1211
Hello!

Starting in 2020, some Medigap (supplement) policies will no longer be available for sale to some Medicare beneficiaries. Let's talk a little about how these changes could impact your healthcare.

In the Health Corner, YOU ARE INVITED ! If you wish to attend, there is an event in Liverpool THIS THURSDAY (TODAY) . The Topic: What are your dreams and financial goals for the next half of your life?

Keep reading!

Theresa Cangemi CSA, CLTC
"The Medicare Lady™" 
DID YOU KNOW THAT THE MEDIGAP / SUPPLEMENT RULES ARE CHANGING IN 2020?
The question is, who will I still be able to purchase a Medigap policy “F” in the year 2020?
Medigap policies are Medicare health insurance plans sold by private insurance companies. The plans offer standardized benefits (meaning same benefits are offered by all the carriers or insurance companies that offer plans A – N).

Medigap plans work with Original Medicare (meaning Original Medicare, Part A and Part B, are primary coverage). 

Medigap plans and Medicare Advantage plans are different, they work differently, and a Medicare eligible person can’t have both of these plans or policies.

Starting in 2020, some Medigap plans will no longer be available for sale to some Medicare beneficiaries.
  • Individuals who are newly eligible for Medicare on or after January 1, 2020 will not be able to purchase Medigap Plan C or Plan F (including the Plan F high deductible option).
  • After January 1, 2020, this law prevents individuals new to Medicare from purchasing Medigap plans that pay for the Part B deductible.
  • Both Plan C and Plan F cover the Part B deductible.
  • People new to Medicare, in Massachusetts, Minnesota, and Wisconsin, will not be allowed to purchase a Medigap plan that pays for the Part B deductible.

If you are eligible for Medicare before January 1, 2020
  • These Medigap changes only affect individuals who are newly eligible for Medicare in 2020 and after.

If you are eligible for Medicare before January 1, 2020, you will still be able to purchase Plan C or Plan F.
  • If you were eligible for Medicare before this time but you did not enroll, you will be able to purchase Plan C or Plan F as long as you are within your Medigap open enrollment period or have a guaranteed issue right once you enroll in Original Medicare.

If you currently have Medigap Plan C or Plan F, you can continue to renew it from insurers in your state.
  • Your right to switch plans if your premiums increase depends on your state’s laws.
  • If your Medigap plan is terminated, you will have a guaranteed issue period.

If you are eligible for Medicare on or after January 1, 2020
  • If you are newly eligible for Medicare on or after January 1, 2020, you will not be able to purchase Plan C or Plan F.
  • Plan D and Plan G currently provide coverage for all the same out-of-pocket costs, except for the Part B deductible coverage.
WHAT ARE YOUR DREAMS AND FINANCIAL GOALS FOR THE NEXT HALF OF YOUR LIFE?
Did you every hear of “Vision Boarding?” 

What are your dreams and financial goals for the next half of your life? 

Come for an afternoon of fun and exploration, and visions can come true!
Come relax, reflect and create a picture of your needs, wants, dreams and goals. Through the process of Vision Boarding you will develop a collage of these aspirations and wishes and learn how you can help make your vision come true. 

"A goal without a plan is just a wish"
Antoine de Saint-Exupery

Thursday, August 22
11:30 a.m. - 1:00 p.m.
Cafe 407
407 Tulip Street
Liverpool, NY 13088

If you miss the meeting and still want to attend or are interested, please give Colette a call, anyway, for her next event.

Complimentary lunch will be served.
315-473-7117
Hosted by:
Powers Wealth Management

Colette K. Powers, CEPA®
Financial Advisor
Pay-It-Forward And Share This Information And This Newsletter!!
Forward this email to someone who you think might benefit from this information and have them click the button to join our mailing list.
PO BOX 757
Brewerton, NY, 13029
Office:
315-676-4933