Is Your Medicare Plan Going Away?
Beginning January 1, 2019, Medicare Cost Plans will no longer be available across much of Minnesota. The passing of the Medicare Access and CHIP Reauthorization Act (MACRA) in 2015 requires Costs Plans to close in the majority of MN Counties on December 31st, 2018. Many Cost Plan members will be deemed into a new Medicare Advantage Plan by their health insurance carrier – your health insurance will contact you to ensure you remain covered.
Minnesota, with nearly 400,000 seniors enrolled in a Cost Plan, is most affected by this change. Cost Plans have been provided in Minnesota by Blue Cross and Blue Shield, Medica and Health Partners. Your advisor and health insurance company are fully aware of the change and over the coming months will answer your questions. If you have a Cost Plan, your insurance company will have a new plan for you, ensuring your health insurance needs are covered in 2019 and beyond.
Medicare Cost Plans will be available to current and new members in the following 21 counties in 2019.