Choosing a Medigap Policy and Enrolling
Choosing a Medigap policy can be difficult, but it does not have to be this way - we are here to help you out. These basic facts about Medicare Supplement Insurance will provide you with useful information and ensure a smooth, enjoyable decision-making experience.
In order to purchase a Medigap policy, you must be age 65 or older and enrolled in Medicare Part A, Part B. In some states, insurers may be required to offer Medigap plans to younger Medicare beneficiaries, who have qualifying disabilities or conditions.
Open enrollment starts as soon as you are at least 65 years old and enrolled in Medicare Part B. It lasts for six months – the best period to purchase a Medigap plan. That is when your insurance companies are not allowed to use your medical history to deny you a policy or charge more for monthly premiums.
Plan F is the most popular Medigap policy because it covers all Medigap basic benefits, including Medicare Part B excess charges. In 2020, Congress will end new enrollment in Medigap Plan F and C. Although, if you purchase Plan F before 2020, you will be allowed to keep it in place.
You cannot buy a Medigap policy if you are enrolled in a Medicare Advantage plan (Medicare Part C). If you wish to disenroll, then reach out to your plan provider for more information.