Reducing first-dollar coverage in Medigap Plans was the focus of one of the main bipartisan deficit-reduction discussions.  One proposed change would require Medigap enrollees to pay an annual surcharge of $530.  According to the committee, that would help the federal government save up to $53 billion over a 10-year period.
The verdict is not yet in on how to trim Medicare and Medicare Supplement Insurance Plans to help reduce the federal deficit, but beneficiaries can do some financial planning of their own. Studies by insurance companies have indicated that the vast majority of Medicare beneficiaries have not been able to find the best way to reduce their out-of-pocket costs.  That’s largely believed to be the result of having such a complicated array of Medicare Supplement Plans. Not only are there 10 different versions of Medigap Insurance, in most states, but there may be about two dozen separate versions of Medicare Advantage Plans in a single region.
One study found that Medicare beneficiaries were least likely to invest in any plan to supplement their Medicare benefits when faced with too many choices. Another study indicated that those who did pick a supplemental plan rarely found the plan that would help them save the most on health care. Regardless of what happens to Medicare and Medicare Supplement Insurance Plans in the future, why not save all you can right now?
You can learn more about these plans here on our website. If you’d like a second opinion on your options, we offer free, private consultations. Our friendly experts can answer your questions and take the confusion out of Medicare coverage options.

Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage. For more information visit