MACRA Policyholder Notification
There are Medicare changes coming effect January 1, 2020 as a result of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). The Act eliminates Medigap plans that cover the Medicare Part B deductibles (Plans C, F and High-Deductible F) for people who are Medicare eligible on or after January 1, 2020. That means those Medicare beneficiaries will not have a Medigap option with first-dollar coverage and will pay the Medicare Part B calendar-year deductible themselves.
But what does this mean for those that are currently Medicare eligible or will be prior to January 1, 2020? With all the information that’s out there, regarding MACRA we want to make sure Mutual of Omaha Medicare supplement policyholders know the facts.
In mid-February, Mutual will begin communications efforts to all our Medicare supplement policyholders to help them understand the 2020 Medicare changes and what this means to them and their current Medicare supplement plan. Due to the volume of policyholders the communication will be released in six waves based on a regional breakdown.
Because current policyholders are already Medicare eligible, this communication is meant to assure them that they are not impacted by the changes in the law.
- If they currently have a Plan C, F or High-Deductible F, they can keep their plan;
- Those who are Medicare eligible through December 31, 2019 may continue to purchase Plans C, F and High Deductible F after January 1, 2020;
- Their Medicare supplement policy will continue to be in force as long as premiums are paid on time; and
- They can be confident their Medicare supplement plan C, F or High-Deductible F will continue paying their Part B deductible
Specifically, we want to assure them their plans are safe with us and there is no need to make any changes. Should they hear otherwise we encourage them to either contact us or their agent before taking any action.
As more information regarding MACRA and its impact becomes available throughout 2019, we will continue to share it with you.