Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
Anyone over the age of 65 and has both Medicare Part A & Part B can buy a Medigap plan. If you're under 65, you can still purchase a Medigap plan if you're on Medicare for disability or ESRD, but the cost will be very high. Medigap plans are designed to be purchased by individuals age 65 and up.
The BEST time to buy a Medigap plan is when you're new to Medicare because you have a 6-month window (your initial open enrollment period - starts from your Medicare Part B effective date) to apply for ANY Medigap plan from ANY carrier with NO medical underwriting. This means that a carrier CANNOT decline you for coverage for any pre-existing conditions or other medical-related illness.
Outside your initial open enrollment period, you'll be subject to answering health questions to qualify for a new plan (every carriers' questions are different) if you don't have a "guaranteed-issue right" for a special enrollment period available to you - carriers may request a phone interview as well and do a prescription check as well.
I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions. Thanks very much.
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The BEST time to buy a Medigap plan is when you're new to Medicare because you have a 6-month window (your initial open enrollment period - starts from your Medicare Part B effective date) to apply for ANY Medigap plan from ANY carrier with NO medical underwriting. This means that a carrier CANNOT decline you for coverage for any pre-existing conditions or other medical-related illness.
Outside your initial open enrollment period, you'll be subject to answering health questions to qualify for a new plan (every carriers' questions are different) if you don't have a "guaranteed-issue right" for a special enrollment period available to you - carriers may request a phone interview as well and do a prescription check as well.
I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions. Thanks very much.