What’s happening? You may have heard about some Medicare Cost plans going away. Here’s a quick summary of what’s happening and what it means for you.
As the manager of our Sales team, my family and friends often ask me things they’ve seen or heard about health insurance. Sometimes it makes for a hearty dinner conversation, and other times it can come up during a backyard chat with a neighbor.
I’ve been getting more questions lately about Medicare. Here are some answers to the questions we’ve been getting about Medicare Cost plan changes.
First, what’s a Medicare Cost plan?
Medicare Cost plans are a type of Medicare health plan that’s available in certain areas of the country. Learn about Original Medicare and these other types of Medicare plan options:
Introduction to Medicare, Medicare Advantage plans, Medicare Supplement plans and Medicare prescription drug plans.
Where are Medicare Cost plans available in 2019?
Based on a federal law starting Jan. 1, 2019, The Centers for Medicare & Medicaid Services (CMS) set these new rules:
- CMS did not renew Medicare Cost plans in counties where there are two or more Medicare Advantage plans with a certain number of members.
- Medicare Cost plans are not available in 66 Minnesota counties.
- Cost plans are still available in 21 Minnesota counties.
- Cost plans continue in the surrounding states of Wisconsin, North Dakota and South Dakota.
What does it mean for me?
There are a variety of Medicare plans available for 2019. If your Medicare Cost plan ended, you likely changed your plan for 2019 during the Annual Election Period (Oct. 15 – Dec. 7). If you haven’t enrolled in a Medicare plan for 2019 or want to make a change, learn about your options in the article, Enrollment options to get a 2019 Medicare plan.
Please note: If you receive your Medicare Cost coverage through a former employer or union, your enrollment period may vary. Please contact your plan administrator.
Here to support you
There’s a lot to know about Medicare changes. We’re here to help guide you to make sure you have the coverage you need.