mortagesandforeclosures

by Derrick Johnson

Medigap or Medigap Insurance are terms often used to refer to Medicare Supplement Insurance. The Original Medicare program has gaps which Medicare Supplement Insurance or Medigap Plans are designed to fill. Medicare Advantage is a separate program and should not be confused with Medigap Insurance.

Learning now about the changes taking place on June 1, 2010 will have you better prepared to evaluate your current Medicare Supplement.

The National Association of Insurance Commissioners suggested the new changes to Medicare Supplement Insurance. Consumers will be protected by these new changes. Duplicate coverage will be eliminated and additional coverage will be offered.

The current supplemental Medicare plans have been in existence since the early 1990s and have become outdated. Many of the existing plans offered coverage from which the consumer received no benefit. The National Association of Insurance Commissioners NAIC felt that it was time for change.

The new Changes are as Follows:

1. Plans E, H, I and J will be eliminated

2. The Home Care benefit will be removed form Plan G and the 80% excess coverage is being incresed to 100%.

3. Lower cost Plan M and Plan N will be released. Co-pays will be included in these new plans.

4. Plans A and Plans C and F must be sold by all insurers offering Plan A.

5. Plans being offered will include hospice coverage and newly priced.

These changes wiil have an impact on all plans currently being offered. Originally many people thought this was not the case. The new plans will be created and the old plans will be closed.

The old higher rates will be gone and new lower rates will be available. This competion is good for the consumer. Hospice benefits will be in all new plans and this is the reason for changes.

Changes taking place should benifit most consumers enrolling in Medicare for the first time. People with health problems may very well have to remain in the old plans. This means only older and sicker people will be in the old plans and cost will be on the rise.

Researching these changes now would be a good idea. Seniors should get in touch with their agent or try to locate an expert on the Internet. Yahoo, Google and MSN are good places to locate an expert.

About the Author:

DJ is an expert in the arena of Medicare Supplement Insurance. For more information about Medigap Insurance reach DJ at his company website.

Get all the information and photos:: http://mortgagewide.info/big-changes-coming-to-medicare-supplement-insurance-in-june-of-2010/