i live in sc and receive social security. i am covered by a medigap plan which i pay monthly. my husband and i are 80. he too has a medigap policy. will premiums increase drastically? we do not wish to receive medicaid even though our income is approximately $2 700/month. we'd prefer to keep our medigap which pays the 20% medicare doesn't pay. will our insurance company be permitted to increase our premium to the extent we cannot afford it?
medigap plan costs can rise however that's not at all because of the affordable care act -- that's always been the case. if you find the plan becomes too expensive for you there are other alternatives to coverage under medicare. i recommend you contact your state health insurance assistance program (ship). to find the ship near you visit the medicare helpful contacts page on medicare. gov or call (800)medicare or 800-633-4227.