Medicare and Medigap Blog

Medicare Supplement Medigap (2)

  • How do I find the best price for my Medicare Supplemental Insurance Coverage?
  • Which Medicare Supplemental Insurance Policy is the best?
  • What should I consider when choosing a Medicare Supplemental Insurance Company?
  • How can Medigap360 Help Me in choosing and applying for Medigap coverage?
  • How do I change my Medigap Plan in order to save money?
  • If I change my Medigap Coverage will I have a waiting period for pre-existing conditions?
  • When should I make my Medigap Policy effective?
  • What is the fastest way I can get covered and start saving money?



How do I Find the Best Price for My Medicare Supplemental Insurance Coverage?

We make it easy for you at Medigap360. All you have to do is request a multi-company Medicare Supplemental insurance rate analysis from our website.

Which Medicare Supplemental Insurance Policy is the Best?

From our experience we have found plan F and plan G to be the most popular. However, many people have found plan C, D, E and I very economical. It always depends on your particular situation and risk tolerance. If you are having trouble deciding, one of our licensed Medicare Supplemental insurance specialists will be happy to assist you in finding the best plan for you.

What Should I Consider When Choosing a Medicare Supplemental Insurance Company?

Though all companies offer similar standardized plans there can still be some differences. You want to make sure that you are purchasing from a licensed insurance company in your state with an approved Medicare Supplemental insurance policy. Other things you may want to consider is if the company puts a waiting period on pre-existing conditions and if that applies to you. Financial strength is also important. Do not be too concerned if you haven't heard of the company before, there are many insurance companies out there that are very dependable that don't spend tons of money on advertising to make their name known.

How Can Medigap360 Help Me in Choosing and Applying for Medigap Coverage?

We hope, first of all that you find the information on this site to be helpful. We feel that we have put together the most comprehensive website on Medicare Supplemental insurance information in the country. Furthermore, we have taken painstaking measures to present it in a way that is easy to understand and will help you to make the right money saving decisions about your Medicare Supplemental insurance coverage and be able to get back to your life. However, we know that all this information can be overwhelming when you don't do this for a living like we do. We will be happy to help you in any way we can. You can call our toll free number and talk to a licensed Medigap specialist and we will help to educate you in deciding what the very best policy is for you and your family and we can even help you to enroll. You'll find our specialists to be the most knowledgeable in the industry. Since 1984, all we have been doing is helping seniors save money on their Medicare Supplemental insurance while ensuring comprehensive coverage.

How do I Change My Medigap Plan in Order to Save Money?

If you already have a Medicare Supplemental insurance policy you most likely will be able to change to another policy if you find a lower premium. In most cases, you will be able to change without any waiting periods or loss of one day of coverage. However, this must be handled properly with the assistance of a licensed agent. To check your eligibility and save money on your Medigap premiums, simply fill out our rate analysis inquiry or call us toll free at (888) 875-4463. We will be able to determine if changing is right for you. We can guide you through every step of the process to make sure you save the most money if possible, without any gaps in your Medicare Supplemental insurance coverage.

If I Change My Medigap Coverage will I Have a Waiting Period for Pre-Existing Conditions?

In most cases you will not. Medicare Supplemental insurance providers have the option to put up to a 6 month waiting period on pre-existing conditions. If you are subject to this waiting period then previous conditions that you had before applying for coverage may not be covered. However, any new conditions that arise will be covered immediately.

Some companies exercise this option and some don't. However, if you have been covered by a previous Medigap policy or other creditable coverage for the length of the companies waiting period, that waiting period will be deemed as satisfied and you will have coverage from day one. Furthermore, no Medicare Supplemental insurance company is allowed to have any exclusions to their coverage for past medical conditions beyond the pre-existing conditions waiting period. That means, if a company issues you a policy, they cannot exclude certain medical conditions that you have. If they issue you a policy and you are not subject to a waiting period on pre-existing conditions, they will have to cover all conditions old and new.

When Should I Make My Medigap Policy Effective?

If you are just now becoming eligible for Medicare you should make the effective date as soon as possible but no earlier than the effective date of Medicare Parts A and B. If you are replacing coverage, you should apply in time with a future effective date long enough out to receive and review your policy before the effective date of coverage. This will give you time to make sure your transaction was handled properly and that the right policy was issued before cancelling your existing coverage.

What is the Fastest Way I Can Get Covered and Start Saving Money?

The fastest way is to call and speak with one of our licensed Medicare Supplemental insurance specialists at (888) 875-4463. They will be able to evaluate your situation, determine the best plan of action for you and help you get started.

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Medigap Eligibility

Insurance companies must sell you a Medigap (Medicare Supplement) plan during certain periods of time — one period is called "open enrollment period." The others are called "guaranteed issue periods."

At other times, insurance companies may refuse to sell you a policy. If you have or used to have health problems, you may not be able to buy the Medigap plan of your choice. Most companies will have a few simple health questions that your Medigap360 Medicare Supplement Specialist can ask you to determine your eligibility.

Eligibility: Open Enrollment & Guaranteed Issue Periods

Open Enrollment

Seniors: Medigap companies must sell you a policy - even if you have health problems - if you are at least 65 and apply within six months after enrolling in Medicare Part B. These six months are called your "open enrollment" period. During open enrollment, a company must allow you to buy any of the Medigap plans it offers. You can use your open enrollment rights more than once during this six-month period. For instance, you may change your mind about a policy you bought, cancel it, and still have the right to buy any other Medigap policy, so long as the sale takes place during the six months after you enroll in Medicare Part B.

Although a company must sell you a policy during your open enrollment period, it may require a waiting period of up to six months before covering your pre-existing conditions. Pre-existing conditions are conditions for which you received treatment or medical advice from a physician within the previous six months.

Your right to open enrollment is absolute, even if you wait for several years after you become 65 to enroll in Medicare Part B because of continued employment or other reasons.

People with disabilities: People under age 65 who receive Medicare because of disabilities have a six-month open enrollment period beginning the day they enroll in Medicare Part B. This open enrollment right is only applicable to Medigap Plan A. Companies selling Medicare supplement insurance in Texas may not deny you a Plan A policy because you have pre-existing conditions. Companies are not required to offer the other plans to Texans with disabilities, but they may do so if they wish. During the first six months after you turn 65 and are enrolled in Medicare Part B, you will have a right to buy any of the 12 plans.

Guaranteed Issue

You may have the right to buy a Medigap policy outside of your open enrollment period if you lose certain types of health coverage. For people over age 65, the guaranteed issue right applies to Medigap plans A, B, C, F, K, and L. For people under age 65, this guaranteed issue right applies only to Medigap Plan A. In general, this right is for 63 days from the date coverage ends or from the date of notice that coverage will end. Companies may not place any restrictions, such as pre-existing condition waiting periods or exclusions, on these policies. This is called "guaranteed issue." You must provide proof of the loss of your health care coverage. Texans under age 65 with disabilities who enroll in Medicare Part B also have guaranteed issue rights, but they are only eligible for Medigap coverage under Plan A. This guaranteed issue right is also extended to people on Medicare who lose Medicaid because of a change in their financial situation.

Guaranteed Issue and Medicare Advantage Plan Disenrollment

What often goes unnoticed about Medicare Advantage Plans is that they reserve the right to terminate their contract with Medicare from year to year in any service area that they wish. When this happens, you will no longer be able to continue with your plan and will be placed back on Original Medicare at the beginning of the following year.

If your Medicare Advantage plan terminates its contract in your service area, you have the right to purchase any Medigap plan A, B, C, F, K, or L offered in your state without regard to your medical history or condition. If your Medicare Advantage plan ends services in your area, it must explain to you in writing your options and timeframes to buy a Medigap policy.

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