Congress Considers Changing Plan F
Congress recently held hearings on how to best reform Medicare.
Former Senator Joe Lieberman testified before the current congress about his opinion and research that first-dollar coverage, like that afforded by Plan F, causes the utilization to go up at least 25% unnecessarily.
Current and future attempts to reform Medicare and make it viable long into the future will, undoubtedly, contain reforms to this first-dollar coverage, Plan F. Those left behind, should there be changes and reforms, on Plan F will no longer benefit from seniors turning 65 and joining the plan at their earliest opportunity. It will be a closed risk pool. The rates grow faster on closed risk pools, and that is not a safe place to be, when considering future rate increase potential.
Please the video below on the topic of the changes being proposed on Plan F Medicare Supplement.
Also see the important video on Plan F or Plan G, and why Plan G is always the better value. Click Here to see about Plan G.