Page 2 - Cover Letter and Evaluation for Chris Parlin

Later if you begin seeing your doctors more often or require more expensive tests and
treatments, you could easily upgrade to Plan G or Plan F. Beginning in 2020, Plan F will no
longer be sold, although people who already have it can keep it. Plan G is similar Plan F except
that Plan G does not cover the Part B deductible ($183 this year).

The other way that you may be able to use New York’s guarnteed-issue rule is to keep the same
plan, e.g., Plan F, but to switch your coverage to another insurance company that has lower
premiums. The website of the New York Department of Financial Services updates its Medigap
premiums monthly, and if at some point you find that you can save several hundred dollars a
year by changing insurance companies, you can do so. For future reference, the website’s
Medigap premiums can be found at the following link:

http://www.dfs.ny.gov/consumer/caremain.htm#tables

Once you are at this site, you can click on the specific plan that you want (Plan F, etc.) to see
each company’s current premiums. In the comparisons, I’ve assumed that you’ll get Plan F and
that your premiums will be $230 a month (or about $2,750 a year). Premiums from CSG
Actuarial and from the New York Department of Financial Services are in the attachments.

Rx Drug Coverage

As you know, when you have a Medigap policy you also need to enroll in a Part D stand-alone
plan. Most stand-alone plans are national plans that are good in every state, although the
plans’ costs may differ slightly depending on the state. For the set of prescription drugs that
you take, the lowest-cost plans are the same in New York, Vermont, and Maryland.

If you get monthly refills at your local pharmacy, the plan on Medicare’s web site with the
lowest estimated annual costs in all three states is the Express Scripts Medicare Value Plan. And
the plan with the lowest estimated costs for mail-order refills is the Envision Rx Plus Plan.

Whether you get mail-order or retail refills, you will save several hundred dollars next year by
enrolling in one of these plans, whose phone numbers are shown page 4 of your evaluation.
You can do this anytime between October 15 and December 7, and your new coverage will go
into effect on January 1, 2018. In most cases your existing plan (the Humana Enhanced plan)
will transfer your current prescriptions to your new plan – although if you change refill
schedules you will need new prescriptions.

Chris, after you’ve had a chance to review this, please let me know if you have questions.

Sincerely,

David Armes, CFP®
Attachments and enclosures
WDA:12115

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