Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Yes! Medigap plans are not restircted to annual enrollment periods. You can apply for a new Medigap plan at any time during the year. If you're outside of your open enrollment period when you were new to Medicare (and don't have a guaranteed-issue right) to buy a Medigap plan with no medical underwriting, you may need to answer health questions on the application.
You should work with an independent Medigap insurance agent who can work with you and compare multiple options in your area to make sure the plan you want is offered to you at the lowest possible cost.
I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs, including quotes and plan comparisons, and if you have any other questions. Thanks very much.
Yes and many people don't realize this because of all the advertising that is done during the annual enrollment period. The annual enrollment period (AEP) is only for people who have a Medicare Advantage plan. You can switch your Medigap Plan anytime it benefits you.
If you work with a good independent agent that specializes in Medigap Insurance they will be able to make sure you have the best plan at the best premium for many years to come. Every few years it's a good idea to check in and get a review of your current plan to see if there is anything more attractive out there. Rates and plans change all the time.
Medicare Supplement plans can be changed anytime during the year. Just because you want to change your Medigap plan does not necessarily mean you can. When you are new to Medicare, after your Part B is activated, you have six months to enroll in any Medicare Supplement offered in your state with no health questions being asked, your acceptance is guaranteed. After your open enrollment periods ends you can apply for a Medicare Supplement later at any time but you must answer all of the health questions. If you have a serious pre-existing health condition you could be denied coverage or have to pay a substantially higher premium in order to get the pre-existing condition covered.
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You should work with an independent Medigap insurance agent who can work with you and compare multiple options in your area to make sure the plan you want is offered to you at the lowest possible cost.
I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs, including quotes and plan comparisons, and if you have any other questions. Thanks very much.
If you work with a good independent agent that specializes in Medigap Insurance they will be able to make sure you have the best plan at the best premium for many years to come. Every few years it's a good idea to check in and get a review of your current plan to see if there is anything more attractive out there. Rates and plans change all the time.