How does the Healthcare Law affect my Medigap Plan?

by Destini King

With recent news of the large employer mandates getting pushed back a year, it is bound to have people wondering if this means there is any changes to their Medigap plan (supplemental insurance to Medicare). How does the healthcare law affect my Medicare - is the chant of millions of Medicare beneficiaries across the country.

For a basic understanding of Medicare we recommend you focus on the Medicare Insurance Finders website for detail specific questions. Our goal here is to free up any questions you may have about how the healthcare law affects your Medigap Plan!

Healthcare Law Affects Medigap Plans

We will discuss the three main topics surrounding Medigap plans and the Affordable Care Act so that we will cover the majority of questions.

  1. Will there by health questions on 2015 Medicare Supplement Plans? The answer to this question is YES. Medicare Supplements are secondary insurance and only primary insurance is required to ask no health questions. This means that most insurance companies will still require you to answer these questions.
  2. What are the main changes to Medicare Supplement plans due to the Affordable Care Act? Since the healthcare law is not in full effect we do not know for sure what changes it will have to Medicare which will directly affect Medicare Supplements; however, we do know that there are certain procedures that have been put in place which will help seniors with Part D plans (such as reducing the donut hole).
  3. What will happen to Medigap Rates in 2014 or 2015? Since there are currently no changes to Medicare that will directly affect the bottom line for Medicare Supplement Plans we do no see this being something that will have a significant impact on the rates. However, if Medicare bumps up pay to doctors/hospitals or others it could create more costs for the supplemental insurance which in turn would be directed right back to the consumer.

For questions on your Medicare Plans and how the Healthcare Law Affects your Medicare Insurance call 1-877-936-2991.

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