Have you been paying attention to the latest Medicare news? There’s a big change coming for 2020, and older adults need to know what’s happening. Anyone who’s enrolling or changing their plan during 2019’s open enrollment period needs to be aware.
Almost 50 million Americans currently depend on Medicare for their health care coverage. That number is expected to reach 64 million by 2020 due to the number of baby boomers who will be turning 65 by that time. However, Medicare is making some changes to its program that will result in the elimination of Medicare Plan F. Seniors need to understand these changes in order to adequately plan for their future health care coverage.
Medicare is a vital service because it provides health care coverage for individuals who might not otherwise be able to obtain it. However, its coverage premiums are not the same across the board. Not only can they vary from year to year but also from person to person within any given year. To help you gain a better understanding of Medicare and its specific benefits and costs, here are some Medicare coverage changes that you should know.