Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
You can apply for a Medigap plan up to 3 months before your Medicare Part B effective date - you must have both Medicare Part A & Medicare Part B to buy a Medigap plan.
Once you have an established Medicare Part B effective date, you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting. After this point, you can buy a new Medigap plan whenever you would like (there are no annual enrollment periods for Medigap plans), however, you would have to go through medical underwriting if you don't qualify for a special enrollment period or a guaranteed-issue right.
The best overall time to buy will be your initial open enrollment period when you're new to Medicare and just starting Part B coverage.
Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize. It's not all about price as some may believe. You need to look at the carriers' premium rating methods (community, attained, or issue age rated), their rates, their rate increase history, their service history, and other factors. It's best to consult with an experienced Medigap broker who can help you determine which plan and carrier will be most suitable to your desires, needs, and budget.
I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs, including providing quotes and plan comparisons, and if you have any other questions. Thanks very much.
It's a good idea to start looking at plans 6 months before you activate your Medicare Part B and for most people when you turn 65. The policy can be effective the 1st day of the month of your 65th birthday or when you activate the Medicare Part B.
You will be able to save yourself a lot of time and effort by working with an independent agent that specializes in Medigap Plans (Medicare Supplement Plans). They will be able to show you everything available and help match a plan to your specific needs.
You can visit our website or give me a call if you have other questions.
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Once you have an established Medicare Part B effective date, you will have a 6-month open enrollment period to buy any Medigap plan from any carrier with NO medical underwriting. After this point, you can buy a new Medigap plan whenever you would like (there are no annual enrollment periods for Medigap plans), however, you would have to go through medical underwriting if you don't qualify for a special enrollment period or a guaranteed-issue right.
The best overall time to buy will be your initial open enrollment period when you're new to Medicare and just starting Part B coverage.
Determining which Medigap plan is right from you and which carrier to apply for the plan through can be a bit more involved than some may realize. It's not all about price as some may believe. You need to look at the carriers' premium rating methods (community, attained, or issue age rated), their rates, their rate increase history, their service history, and other factors. It's best to consult with an experienced Medigap broker who can help you determine which plan and carrier will be most suitable to your desires, needs, and budget.
I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs, including providing quotes and plan comparisons, and if you have any other questions. Thanks very much.
You will be able to save yourself a lot of time and effort by working with an independent agent that specializes in Medigap Plans (Medicare Supplement Plans). They will be able to show you everything available and help match a plan to your specific needs.
You can visit our website or give me a call if you have other questions.