As of June 1, 2010, certain Medicare supplement plans will be phased out and new ones will be added. Plans E, H, I and J will no longer be for sale as mandated by the National Association of Insurance Commissioners. In its place, Plans M and N will now be added. Additionally, Plans C and F must be sold by all carriers who offer Plan A. According to Medicare.gov, if you already have or buy Plans E, H, I, or J before June 1, 2010, you can keep that plan for the course of the year.
Medicare Plan N will include copayments for doctor appointments as well as emergency room care. Therefore, the monthly premium will be 28% lower than Plan F, according to the Tuscon Citizen Online. Plan N is recommended for healthy individuals because of the $20 copay for doctors visits; Plan F may be the better choice for those who expect frequent doctor visits.
Those who choose Medicare supplement Plan M can split the Medicare Part A deductible with the insurance company 50/50 to lower monthly premiums. This should be around 15% lower than supplement Plan F, according to EzineArticles.
Medicare supplement Plans N and M do not cover Medicare Part B.
Carriers have been given until this date to change their plans. AARP, or UnitedHealthcare is now the first carrier to release their rates. Plan N’s premium is announced at $86.27.
In addition, Medicare plans will now offer a hospice benefit while at-home-recovery and preventive care will be removed.