August 18

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Minnesota Cost Plan Changes 2019

By Paul Bennett

August 18, 2018


Choosing your Medicare Cost Plan Replacement just got a little easier.

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Why are Minnesota’s Cost Plans discontinued in 2019?

This is not entirely true. The Centers for Medicare & Medicaid Services (CMS) and lawmakers have determined that many counties in Minnesota that have two or more competing Medicare Advantage plans, and that those plans have a certain number of active members, will no longer be able to offer Cost Plan options. Until then, and if you are a Cost Plan member your benefits will continue through the end of December 2018.

Researching your Cost Plan Replacement Options.

If you are one of the almost 200,000 members of a Medicare Cost Plan in Minnesota next year, now may be the best time to start researching what replacement Medicare plan will work in your favor for 2019.

The Medicare Cost Plans that will disappear next year are managed by either Blue Cross & Blue Shield of Minnesota, Health Partners or Medica. As of this writing the plan choices that could possibly replace your Cost Plan for next year are still unknown. You should be aware that your current insurance carrier could automatically enroll you in one of their Medicare Advantage Plans without giving you the opportunity to research other plan types and benefits. Medicare Advantage plans offered to those Cost Plan members may not be in their best interest as they all have different benefits and costs associated with each plan.

Knowing the difference between Supplement and Advantage

It’s important that you know the benefits of a replacement Medicare Advantage Plan or a Medicare Supplement Insurance plan aka Medigap, when you have to make the change this Annual Enrollment Period. Beginning October 15th of this year many Minnesotan Medicare Cost Plan beneficiaries  will be faced with the task of replacing their Medicare coverage. Your new plan benefits would begin January 1, 2019. Now is the time to become familiar with the vast array of Medicare insurance plans that will be available to you. At Medigap Select we can walk you through all the plan benefits and costs, making your choice and helping you enroll will be easy.

Minnesota Medigap Plans are different than other States

There are three States that do things a little differently when it comes to Medicare Supplement Insurance plans (Medigap). Minnesota, Wisconsin and Massachusetts have adopted their own benefit structures and if you are thinking of supplementing your original Medicare next year because your Cost Plan is ending in Minnesota, it’s important to have an understanding of the two Minnesota Standardized Medigap Plans.

Minnesota Basic Medicare Supplement Plan

Minnesota Extended Basic Medicare Supplement Plan

1

CONSULTATION
We chat with you to understand your situation, validate your eligibility, and determine your starting point to replace your cost plan.

2

EDUCATION
Our team works with you to answer questions and help explain the options that are available to replace your Medicare Cost Plan for 2019.

3

EVALUATION
We evaluate your options and help you determine which company offers the best benefits and premiums for you.

4

APPLICATION
We take care of the application process until you are approved and your Cost Plan replacement policy for 2019 is issued.

 

We’re in the business because we care.

Our founder, Paul Bennett, grew up in the insurance business helping people protect themselves and their loved ones. In recent years he became increasingly concerned watching seniors wade through the confusing and complex world of Medicare just to find the right plan. Paul knew he could do better, and MediGap Select was born.

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Hear from the people we love to work with

medigap insurance quotesmedicare supplement insurance quotesI am so impressed with Paul’s knowledge. I never thought I would understand so much from my initial visit with him. He has a sincere way of making you feel comfortable and an amazing way to explain things in simplistic terms. I really appreciated his time & expertise!! -Ronda Blessington

Ready to find the right Medicare plan for you?

Our team of independent agents is here to talk with you about finding the best insurance plan to meet your needs.

Call us at (800) 405-4802 to talk about your Medicare options.

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Paul Bennett

About the author

Our founder, Paul Bennett, grew up in the insurance business. In recent years he became increasingly concerned watching seniors wade through the confusing and complex world of Medicare just to find the right plan. Who could they trust to help them navigate the waters with their best interests in mind? Without an independent agent, there was little help to be found. Paul knew he could do better, and MediGap Select was born. He built a team of independent agents who shared his commitment to ensuring that people have the information and guidance they need to make the best decision regarding their insurance. Paul and his team bring clarity, simplicity, and transparency to the Medicare enrollment process, making it easy for you to find the right plan.

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