By NextBestFitMedigap (federally standardized supplemental plans)
endsYear 1Federal programs
Today
About 12.6M people pay roughly $2,000–4,000/yr to cover Medicare cost sharing.
Under the plan
Ends; no cost sharing remains to insure. Unearned premiums refunded.
Trade-off
Seniors save premiums; Medigap insurers and agents lose that business.
Money
- Individually purchased insurance (net of subsidies)$86.3B → $0.0B