What Is New In 2011 For Medicare Supplement Plans?
The new health care reform laws are going to be implemented in steps. Hopefully, that is going to give health care providers enough time to adjust to them. The main goal is to ensure that people have adequate coverage. Primary plans are going to be affected more than Medicare Supplement Plans. That doesn't mean that you won't be seeing changes in your supplemental policies. It can be difficult to discern what exactly is going to happen. The idea is that with more people being insured, prices should stay steady and affordable.
What changes will you see in you current Medicare Supplement Plans?
You may not see any, or you may see changes in the rules regarding coverage. Most people assume that all these changes are going to be for the better. The results are yet to be seen however, providers will likely have more clients, but how prices will react is unknown. Many of these companies will take advantage of the opportunity to make more money. The problem is that the industry had poor regulation in the past, which meant many Medicare Supplement Plans weren't entirely adequate. It is your duty to make sure your needs are covered.
Are more drastic changes coming in the future?
Within the next 4 to 5 years we should know exactly what the new insurance field will look like. Again, the purpose was to make health care mandatory. If prices increase, that could be a problem for everybody, including those with Medicare Supplement Plans. You must be vigilant and make sure that you react to any changes that may occur. It is unclear how supplemental plans will change, hopefully, it will be for the better with all involved.