The document provides an overview of Medicare insurance trends in 2020, highlighting its historical background and projected future spending. It details the two main Medicare options—Original Medicare and Medicare Advantage—along with their coverage, costs, and recent changes to plans, especially regarding rising premiums and the elimination of certain supplement plans. The author emphasizes the importance of understanding these changes and offers personalized assistance in navigating Medicare options.

1. Blue
Goose

2. Deep Dive into
Medicare Insurance
Trends 2020
The idea of Medicare was born when Harry S Truman
called for a health insurance fund in 1945. Truman’s dream
was realized when Lyndon B. Johnson signed it into law in
1965. It now covers nearly 61 million Americans. Spending
for the program is projected to account for 18% of the
federal government’s budget by 2028.

3. There have been fluctuations in spending, most notably
from 2010-2017. Every year, Medicare changes just
enough that it is important to know how it will affect you.
Since the program is an incredibly important social
program it is continuously at the center of Congressional
debates in Washington, DC.
Enrollment in Medicare Advantage plans has been seeing
an upsurge of approximately 8% every year, but it is
projected to grow even more this year. Part of that
projection may be due to the announcement that Medicare
Advantage premiums declined by 23% for 2020, bringing
rates to the lowest since 2007. Medicare Advantage
enrollments have doubled over the last decade.

4. An Introduction
to Medicare Insurance
Plans for 2020
You still have two main options for your Medicare
coverage.Original Medicare includes Parts A and B:
Medicare Part A coverage is for hospital care, short-term
nursing home care, hospice, home health care, and skilled
nursing at a facility. You have access to any doctor or
medical provider in the US, as long as they accept Medicare.
Medicare Part B coverage is “Medical Insurance” which can
include doctor visits, annual exams, medical equipment,
mental healthcare, lab tests, and ambulance service.
OPTIONAL: You can add Part D, which is for prescription
coverage. Approximately 72% of all Medicare beneficiaries
(43 million people) in the US are enrolled in Part D
prescription plans.
OPTIONAL: You can add supplemental coverage to
Medicare with a Medigap plan, a former employer, or a
union/membership organization to help pay for the 20%
coinsurance fees and other out-of-pocket costs associated
with Original Medicare.

5. Medicare Advantage bundles Parts A, B, and often Part D. It’s
an all-in-one solution. You will NOT need to purchase a
Medicare Supplement/Medigap plan if you choose a Medicare
Advantage plan.
You will need to continue to pay you Part B premium.
Medicare Advantage premiums can be much lower than
purchasing a Medicare Supplement.
Medicare Advantage plans are co-pay based plans that
include “maximum out of pocket” limits.
Medicare Advantage is also known as
Medicare Part C. As you’ve seen, this
option is becoming increasingly popular.
Enrollment is expected to grow even more
in 2020. Here’s a quick overview:

6. Medicare Advantage plans are available based on “service
area,” which is defined as the zip code and county in which
you reside. Not all plans are available in every county of your
state.
Certain plans may be restrict plan members on which doctors
or medical providers you can use, while other plans may
come with more flexible doctor choice.
Depending on the plan benefits, Medicare Advantage plans in
your area may offer benefits for vision, dental, hearing, over-
the-counter vitamins and supplements that are not covered by
Part D, and even gym memberships.

7. An overview of the Medicare changes in 2020
includes an increase in the premiums for Medicare
Part A, as well as the premiums and deductibles
for Medicare Part B. Medicare Supplements have
also changed. For example, Plan F is no longer
available. As a result, many folks will highly
consider Plan G as a viable alternative to Plan F.
WHAT IS THE 2020 MEDICARE CHANGES?

8. Rising Medicare costs are not something you ever want to
see, but the increased rates were established in 2015. Many
of the legislative changes only affect those individuals who
are enrolling in the future. It was not designed to be
retroactive. The changes still put the following changes into
place.
Legislation increased Parts A and B rates to mitigate the
mounting healthcare costs across the country.
For all new enrollees, the legislation eliminates Medicare
Supplement Plans F High-Deductible, Plan F, and Plan C
plans.
WHY ARE THE CHANGES COMING IN
2020?

9. The Medicare Supplement plan changes, in short, have
placed more out-of-pocket costs back into the hands of
consumers. The rationale is that if a Medicare beneficiary
has to contend with a deductible for services, that same
beneficiary may not use the service unless necessary. The
counterargument is that some beneficiaries simply will not
get the needed medical help because of the deductible.
Then, as the counterargument goes, those beneficiaries
could develop more serious conditions because they did not
get the early diagnostic care they needed.

10. It’s important to get a firm grasp of how 2020 Medicare
Changes may affect you, and what your options are.At Blue
Goose, we offer local, personalized support and services
that you need for your Medicare health insurance needs.
We walk you through the entire plan selection and
enrollment process, answer all your questions, and help you
to understand how the 2020 Medicare Changes may affect
you both now and in the future.Our goal is to take the hassle
and uncertainty out of the process, so that you can feel
confident with your choice of Medicare plans.Call us today
at 207-807-2272 or set up a consultation now!
SOURCE-http://www.bluegoosemaine.com/deep-dive-into-
medicare-insurance-trends-2020/
How to Learn More?

11. Contact Us
Blue Goose Inc.
Blue Goose Inc.
Blue Goose Inc.
500 Southborough Dr #300,
South Portland, ME 04106, USA
www.Bluegoosemaine.com
info@bluegoosemaine.com