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I HAVE A MEDIGAP POLICY

(also known as a Medicare Supplement Plan, or MedSupp)

If you want to make changes to your Medigap coverage, the best time to do so is during Medigap Open Enrollment Period. Anytime after this 6-month window, approval to a Medicare Supplement Plan may require underwriting. 

If you’re considering changing Medigap plans, you are entitled to a 30-day “free-look period” which works like a trial. During this 30-day period, you can try out a new Medigap plan, while keeping your current Medigap policy.

About the “Free Look Period”:

  • In your application for the new Medigap plan, you must state that you will cancel your first policy after the period has ended.
  • If you don’t like your new Medigap plan and are still in your free-look period, you can cancel the second policy and keep your first plan. (some exclusions apply)
  • After 30 days, you can cancel your first Medigap plan if you decide to keep your new policy. (some exclusions apply)

We would like to help you make an informed decision regarding canceling or changing your Medigap coverage. Consider our free consultation before you make any changes.

Medigap Open Enrollment Period

The Medigap Open Enrollment Period is a one-time 6-month period. This time frame begins the first month of your Medicare Part B coverage. Some states may have additional Open Enrollment rights under state law.

If you apply for a Medigap plan during this time, you are guaranteed acceptance and the plan can’t charge more based on your health conditions. To enroll in a Medigap plan, you must first be enrolled in Medicare Part A and Part B.