Clarifications on Medigap
Insurance Commissioner | Date Posted: Wednesday, August 14, 2019
Insurance Commissioner | Date Posted: Wednesday, August 14, 2019
August 13, 2019 – The Delaware Department of Insurance has received inquiries from Medicare eligible citizens concerning misunderstandings or misinformation they’ve received from some insurance agents and brokers regarding the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). As this act is rather complex, it has not been determined if consumers have been misinformed, or if they did not fully understand what was relayed to them by agents and brokers. The lack of complete understanding can have a damaging effect relative to decision making for Medicare beneficiaries or their caretakers. To help alleviate the situation, Commissioner Trinidad Navarro issued a bulletin to agents and brokers last month, clarifying the requirements of MACRA. Listed below are some of the highlights of MACRA.
Please read the following highlights to better understand how MACRA will change the availability of certain Medicare Supplement insurance plans, more commonly known as Medigap.
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The Delaware Department of Insurance protects Delawareans through regulation and education while providing oversight of the insurance industry to best serve the public.
Contact: Vince Ryan
Sr. Advisor to the Commissioner
Office: 302.674.7303
Mobile: 302.387.7670
Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.
Here you can subscribe to future news updates.
Insurance Commissioner | Date Posted: Wednesday, August 14, 2019
August 13, 2019 – The Delaware Department of Insurance has received inquiries from Medicare eligible citizens concerning misunderstandings or misinformation they’ve received from some insurance agents and brokers regarding the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). As this act is rather complex, it has not been determined if consumers have been misinformed, or if they did not fully understand what was relayed to them by agents and brokers. The lack of complete understanding can have a damaging effect relative to decision making for Medicare beneficiaries or their caretakers. To help alleviate the situation, Commissioner Trinidad Navarro issued a bulletin to agents and brokers last month, clarifying the requirements of MACRA. Listed below are some of the highlights of MACRA.
Please read the following highlights to better understand how MACRA will change the availability of certain Medicare Supplement insurance plans, more commonly known as Medigap.
###
The Delaware Department of Insurance protects Delawareans through regulation and education while providing oversight of the insurance industry to best serve the public.
Contact: Vince Ryan
Sr. Advisor to the Commissioner
Office: 302.674.7303
Mobile: 302.387.7670
Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.
Here you can subscribe to future news updates.