As the debate over the debt ceiling, budget cuts, and economic stimulation rages on in Washington, it’s hard to escape the fact that Medicare is often “on the table.” There are a range of proposals that could affect Medicare, but there are questions as to what those proposals would actually mean for beneficiaries. One federal deficit reduction plan would limit Medicare Supplemental Insurance (Medigap Insurance) by restricting coverage of Medicare deductibles.
As a recent report on potential Medigap limits points out, not all those who depend on Medicare and Medigap coverage would be able to handle the added personal costs. So, will those in government choose to save people or anywhere from $1.5 billion to $4.6 billion annually?  Makes you want to vote in the next election, doesn’t it?
If the limits are applied, about one in five Medigap Plan enrollees would pay more.  Along with financial concerns, people are afraid that enrollees will simply pass up the health care treatment they need in order to avoid the added cost. Those in support of the proposal insist that it will simply reduce unnecessary trips to the doctor and elective care.
There’s very little question that changes to Medicare are on the horizon, which means Medigap Plans are on the table, too. Many people have taken the “wait and see” approach to it all, but it’s a good idea to stay up-to-date. After all, these potential changes could affect how you have to budget and your access to health care. We can help by researching the coverage options that are available where you live.  All states have some form of Medigap Insurance, but the availability of Medicare Advantage Plans varies regionally. Run our instant quotes to see instantly which plans are available in your area.

Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage.