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7 Biggest Social Security and Medicare Changes in 2021

December 3, 2020 · Saving & Spending
Professional man in an office looking at a tablet.
A professional man reviews his finances on a tablet while overlooking a sprawling city skyline.

Medicare will have limited coverage options

In 2020, Medigap plans C and F were discontinued for future 65-year olds, as part of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). Plan G, which is similar to C and F, will remain available but will not cover the Part B deductibles. according to the American Association for Medicare Supplement Insurance, the monthly amount paid by a 65-year-old male for a Medigap policy varies from $126 to $464 while a 65-year-old woman can pay between $118 and $464 per month.

RELATED: 7 Unexpected Things Medicare Does Not Cover

 

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