2010 “Modernized” Medicare Supplement – Questions

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Here are few quick Questions and Answers regarding the new 2010 "modernized" medicare supplemental plans released June 1, 2010. Did these changes come as a result of the recently passed Healthcare Reform Bill? Contrary to what many believe, these changes are NOT a result of the recently passed Healthcare Reform Bill. In fact, the changes DO come as a result of HR 6331, known as the Medicare Improvements for Patients and Providers Act of 2008 (MIPPA). When are these changes effective? The 2010 Medicare Supplement changes will be effective on any policy sold with an effective of June 1, 2010 or later. Why were plans E, H, I and J eliminated? Plan E was eliminated because … [Read more...]