There is no set schedule to determine when a Medicare Supplement Plan will change. A customer will find himself at the whim of the Federal government or at the whims of the company that offers the plan. A company can change the additional services it provides at any time. The congress can change the coverage each Medicare Supplement Plan offers at any time as well. The two items rarely happen together. The company will inform consumers if there is a change to something like Medigap Plan F. If congress makes changes to Medigap Plan F, it will be announced and debated well ahead of time.
Companies are usually more efficient about announcing changes than their government counterparts. They also have to cut through less red tape. By the time a change is announced, the consumer can rest assured the company plans on making it. The changes have already been voted on by the board of directors. This type of change involves a long debate. It also involves advocacy groups making sure they have their input heard. The process is long and slow deliberately. It is also charged with politics. It’s often about how the voters will perceive the changes rather than if the changes will do any good.
Medigap Plan F was simply used as an example. Congress usually makes changes to all the plans rather than a few. Several plans were recently moved because the services were covered under traditional Medicare and it created redundancy. The people who had these plans switched over when it was possible as the Federal Government forced Medicare supplemental insurance providers to stop offering them. There are no planned changes to any of the services offered by Medicare Supplemental plans in the near future. A consumer who has the base coverage offered by these plans should still have it.