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Bipartisan Paulsen "Cost Plan" Bill Clears Committee Hurdle

WASHINGTONThe House Ways and Means Committee today approved bipartisan legislation authored by Rep. Erik Paulsen (MN-03) that gives beneficiaries of Medicare Cost Plans more time to enroll in another Medicare coverage option after their existing Cost Plans are discontinued at the end of 2018.

Medicare Cost Plans are plans administered by private insurers that offer Medicare Advantage plans. The Cost Plans will no longer be offered by insurers after 2018, and current enrollees will need to choose an alternative Medicare Advantage or traditional Medicare coverage option. Paulsen’s legislation extends the Medicare open enrollment period – which ends December – through February for Cost Plan enrollees.

“Minnesota seniors deserve time to choose the Medicare plan that works best for their healthcare needs,”said Paulsen. “Selecting a Medicare plan can be confusing and time-consuming, which is why giving our seniors more time to learn about their options will help them make better-informed decisions as they navigate their Medicare choices.”

Of the more than 630,000 cost plan beneficiaries nationwide, nearly 400,000 of them live in Minnesota. Paulsen’s bill was co-authored with Rep. Ron Kind (D-Wis.) and approved unanimously by the Ways and Means Committee today.