You may have heard that there are some Medicare changes coming as of Jan. 1, 2020, as a result of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). We understand these changes may be confusing and would like to make sure you have a complete understanding of how you may be impacted.
What is MACRA?MACRA is the Medicare Access and CHIP Reauthorization Act of 2015. This law states that after Jan. 1, 2020, newly-eligible Medicare beneficiaries will not be able to purchase plans that cover the Part B deductible. This includes Medicare Supplement Plan F (including High Deductible Plan F where available*) and Plan C.
Who is impacted by MACRA?Only people who are newly Medicare eligible on or after Jan. 1, 2020, will be impacted by this change. Newly eligible means that either you turn 65 on or after Jan. 1, 2020, or you become Medicare eligible due to a disability or end-stage renal disease on or after this date.
I am currently on a Plan F or Plan C. Can I keep my plan?Yes, because you are already Medicare eligible and enrolled in this plan, you may keep it. Your plan will not be discontinued and you will not be required to purchase a different plan on or after Jan. 1, 2020.
I am currently on a Plan F or Plan C. Will my premiums increase?Your premiums will not increase due to MACRA. Blue Cross and Blue Shield of Nebraska (BCBSNE) has a history of low rate increases on our Medicare Supplement from year to year. While rates are set annually and may change based on your age, BCBSNE works hard to keep rates low.
I am currently on a Medicare Supplement plan other than Plan F or Plan C. Can I switch to a Plan F or Plan C after Jan. 1, 2020?Yes. Because you were Medicare eligible prior to Jan. 1, 2020, you will still be able to switch to a Plan F or Plan C. You would be required to go through medical underwriting if the switch is considered an upgrade.
Request your Medicare Options Guide
Understanding all the coverage options available may feel confusing. Download our Blue Cross and Blue Shield of Nebraska Medicare options guide to review different products that are available and learn more about important dates to remember.