Medicare changes January 1, 2020 from the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) offer you the opportunity to provide your clients with a new Medicare supplement plan option. That new option is a High Deductible Plan G and this plan will be available to any individual purchasing a Medicare supplement plan with an effective date of January 1, 2020 or later.
Effective October 4, 2019, High Deductible Plan G for effective dates of January 1, 2020 or later will be available in the following states:
High Deductible Plan G*
- Pays the same benefits as a Plan G once the annual plan deductible is met – 2019 annual deductible is $2,300
- Does not cover the Part B deductible amount – 2019 Part B deductible is $185
- Part B deductible counts toward the annual deductible amount
*Deductibles are subject to change January 1st each year.
As of October 4, High Deductible Plan G will be available on the Medicare supplement e-App and to quote on the Mutual mobile quote app.
The application books with the outline of coverage that includes High Deductible Plan G rates is available to order TODAY through normal channels and can be viewed and downloaded on Sales Professional Access (SPA – www.mutualofomaha.com/broker) Forms and Materials.
For additional information of the 2020 MACRA changes and help in discussing these changes with your clients – click here for An Agent’s Guide to MACRA.
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