Medicare Cost Plans Survive

MN Health Staff Writer | May 29, 2014

On April 1, 2014, President Obama signed into law the Protecting Access to Medicare Act of 2014. Among many other Medicare related issues, this act extended through 2015 the ability of insurance companies to offer contracts known as Medicare Cost plans. These popular plans allow Medicare members to purchase or leave them anytime during the year. They provide medical coverage, and in some cases, prescription drug coverage options, at an affordable premium. This is good news for the insurance companies in the states, like Minnesota, that sell this type of Medicare policy. BlueCross and BlueShield of Minnesota, HealthPartners and Medica all offer Medicare Cost Plans. The Cost plan are: BlueCross and BlueShield Platinum Blue; HealthPartners Freedom; and Medica Prime Solution. Each of these plans has various benefit levels and prescription drug - Part D options. Contact a Medicare Agent at the Minnesota Health Insurance Network for more information.