When does the new MACRA legislation go into effect?

The correct answer is that the new MACRA (Medicare Access and CHIP Reauthorization Act) legislation went into effect on January 1st, 2020. This legislation introduced significant changes to how Medicare Supplement Insurance plans, particularly those plans that cover certain cost-sharing expenses, operate for new beneficiaries. One of the most notable aspects of MACRA is that it eliminated the ability of certain Medicare Supplement plans to cover the Part B deductible for new enrollees as of this effective date, restructuring the landscape of supplemental coverage options for individuals eligible after that point.

This change aimed to encourage more prudent use of healthcare resources and cost-effectiveness within the Medicare program. Understanding this effective date is crucial for anyone studying Medicare policies, as it marks a significant shift in the regulations governing supplemental insurance that individuals may purchase to cover the gaps in Medicare coverage.