MEMO  
  To: All General Agents  
  From: Charles Mankamyer, President of General Agents
Jim Savo - FLMI, Vice President of Operations, General Manager
 
  Re: January 1, 2020 Medicare Changes, Debunking The Myths  
  Upcoming changes in the federal laws will affect the availability of certain Medicare Supplement Plans for certain Medicare beneficiaries. A new federal law, called the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), will affect the availability of certain Medicare Supplement Plans issued to newly-eligible Medicare beneficiaries on or after January 1, 2020. The Medicare Supplement Plans affected by MACRA are ones that cover the Medicare Part B deductible.  
 

Here are a few key points:

  • Existing Policyholders on Plans C, F, and HDF/F+ are NOT affected by this change. Their existing coverage continues so long as premiums are paid on time.
  • Medicare Supplement Plans C, F, and HDF/F+ will not be available beginning January 1, 2020, for newly-eligible Medicare Beneficiaries.
  • Newly-eligible Medicare beneficiaries are defined as anyone who: (a) attains age 65 on or after January 1, 2020, or (b) who first becomes eligible for Medicare benefits due to age, disability, or end-stage renal disease on or after January 1, 2020.
  • New High Deductible Plan G to be introduced January 1, 2020.
 
  Click here for more information about Medicare Supplement changes for 2020.  
  New United American and Globe Life Insurance Company of New York policyholders will receive an informational bulletin in their policy. The bulletins are only approved for existing policyholders. The policy inserts are NOT approved for sales presentations, advertising, or solicitations of any kind. Click here.  
 

United American Insurance Company Agents who have questions can contact Agency Service at 1-800-925-7355 or email agencyservice@torchmarkcorp.com.

 
 

Globe Life Insurance Company of New York Agents who have questions can contact the Home Office in Syracuse at 315-451-7975 or email GLNYAGENCY@torchmarkcorp.com.

 
 
United American and Globe Life Insurance Company of New York conduct free Training Webinars for all appointed Agents. Register NOW on your General Agent website.
 
 
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Sent by Aurea on behalf of United American Insurance Company and Globe Life Insurance Company of New York.
 
 
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