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Questions on Medigap Plans

Bogleheads • View forum - Personal Finance (Not Investing) - www.bogleheads.org
After much research and talking to other retirees, I had just about decided I would go with traditional Medicare and choose a Medigap Plan F since it covers everything. But after doing additional reading on-line I have found some strong indications that the Medigap Plan F (and Plan C as well) may be discontinued by 2020 (that is, they will no longer accept new enrollments). There was some congressional legislation that proposed that “first dollar coverage” be eliminated by prohibiting plans from covering the Medicare Part B deductible (I think it was referred to as the "Doc Fix" legislation). I think it has already been signed into law by President Obama and would go into effect in 2020. Here are a couple of related articles I have read:

I also am reading that if that happens, then the premiums for Plan F would increase dramatically since there would be no new, younger enrollees to help cover costs. So now I’m wondering if I should go with a Plan G or Plan N. There definitely seems to be a push to more cost-sharing for Medicare.

Has anyone been through a similar experience, for example when the Medigap Plan J was eliminated? Did premiums increase dramatically? In my state (North Carolina), it depends on the insurance company as to whether you can switch plans (within the same company) and not be subject to medical underwriting. I'm concerned that if I do need to switch from Plan F to a different plan due to rising premiums that I would be subject to underwriting and possibly have even higher rates due to new medical conditions.

Note: I have been considering USAA, Blue Cross and AARP's United HealthCare plans.

I would appreciate anyone's thoughts on this very confusing matter. Thanks!
Date: Oct 29, 2015   



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