When changing from one Medicare Supplement plan (Medigap) to another, be sure to compare the benefits and costs of each plan. Some plans offer lower premiums in exchange for more out-of-pocket costs, while others have higher premiums with little to no out-of-pocket costs.
Enrollment And Eligibility
The best time to enroll in a Medicare Supplement plan is during your Initial Enrollment Period, which lasts for seven months, starting three months before you turn 65, and ending three months after the month you turn 65. You also can enroll during the Medigap Open Enrollment Period, which lasts for six months after you get Medicare Part B and are over 65 years old.
During this time, you have guaranteed issue rights, which means you can’t be denied coverage or charged higher premiums for pre-existing health conditions.
There are other Special Enrollment Periods that allow you to change Medicare Supplement plans and still maintain your guaranteed issue rights. For example, if you are in a Medicare Select plan and you move to an area outside your current hospital network, you have a guaranteed issue right to change your Medicare Supplement plan.
Outside the Initial Enrollment Period and the Medigap Open Enrollment Period, you can change Medicare Supplement plans at any time. However, in all but four states (Connecticut, Massachusetts, Maine, and New York) any pre-existing or current health conditions you may have might impact your ability to get coverage.
When you switch between Medicare Supplement plans, you may be given a 30-day “free look” period to decide if you want to keep it. You must pay the premiums for both plans during this time. After 30 days, you need to select which plan you want to keep.
Medicare Supplement enrollment and switching rules vary by the state you live in. You should always check with your state’s department of insurance to fully understand your options or call us. We’re here to help.
Explore Anthem Medicare Supplement Plans