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Senior Markets

New rules took effect on New Year’s Day. The Medicare Access and CHIP Reauthorization Act of 2015 (“MACRA”) was signed into law on April 16, 2015. MACRA prohibits the sale of Medigap policies that cover Part B deductibles to “newly eligible” Medicare beneficiaries. Those affected by the change must pay the $198 Medicare Part B deductible themselves. ThinkAdvisor has an article you’ll find helpful. Click here to read it.

Newly eligible is defined as those individuals who:

(a) Have attained age 65 on or after January 1st 2020; or
(b) First become eligible for Medicare due to age, disability or end-stage renal disease, on or after January 1st, 2020

This eliminates Plan C and Plan F from being selected moving forward from January 1, 2020 for the newly eligible members. Those who were eligible prior to January 1st, 2020 are “grandfathered in” for these plans.

Click here to lean more.