The big news this week was the announcement of changes to Medicare supplement insurance standards by the Centers for Medicare & Medicaid Services. The changes are detailed in the Federal Register / Vol. 74, No. 78 / Friday, April 24, 2009 / Notices document. The following changes apply to Medigap plans with policy years beginning on or after June 1, 2010:
These changes have created two sets of standardized plans which are known as the "1990 standardized plans" for plans with an effective date of coverage prior to June 1, 2010, and "2010 standardized plans" for those after. For those of you who are compelled to know the many details of the changes, click here. In the near future, once everyone has had some time to digest this information, we will post a blog regarding the implications of these important changes.
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