Medigap Monday: Two Myths about Medicare Supplemental Insurance

Two very common myths regarding Medicare Supplement Plans are as follows:

  1. I can only change my Medicare Supplement plan during the Annual Election Period. This isn’t true. You are allowed to shop for your Medicare Supplement Plan all year long. The October 15th to December 7th deadline only applies to Medicare Advantage Plans and Medicare Part D Plans.
  2. I am automatically approved for a Medicare Supplement Plan. This isn’t true either. Unless you purchase a Medicare Supplement Plan within 6 months of starting Medicare Parts A and B, you have to medically qualify to get a Medicare Supplement Plan. Whether it be you have just Medicare and you want a Medicare Supplement, you have a Medicare Advantage Plan and you want to upgrade or you already have a Medicare Supplement and you want to shop for a lower premium. You have to medically qualify with any of these scenarios.If you have any questions regarding Medicare, please give our office a call at 1-855-368-4717 or visit our Facebook page:

https://www.facebook.com/MedicareBob/