Updates to Medicare Cost Plans
October 11, 2018 / Community
You may or may not have heard, but if you have a Medicare supplement plan you’re going to become very familiar with the fact that Medicare Cost plans are going away. Cost plans have only been offered in certain parts of the country, but Minnesota is one of those places.This change is predicted to affect hundreds of thousands of Minnesotans, and health-care vendors are all too aware. Even if you don’t have a Cost plan you may still be approached to review or update your insurance. Because of this, we wanted to give you a few tips this Fall:
- Plan information is now available. The enrollment period for new plans is from October 15 through December 7.
- Some companies are aggressively soliciting new business based on these changes. Be cautious if you hear from someone claiming to be your representative or claiming that you are required to make changes to your current coverage. Don’t just take them at their word. You may or may not actually need to update your coverage.
- If you are curious if you have a Cost plan, if you need to make any changes, or just want to explore your health insurance options, we would be happy to connect you with professionals that we trust to help you make a good decision.