Enrolling in Medicare Supplements
Medicare Supplement Insurance (Medigap) can help you afford health care services after you enroll in Medicare. To get the best deal on Medigap plans, it’s best to purchase one as soon as you are eligible. This is how you can enroll in a Medigap plan.
Medigap Open Enrollment Period
The best time to enroll in a Medigap plan is during the Open Enrollment Period. This period begins on the first day of the first month you are both age 65 or older and enrolled in Medicare Part B. The period lasts for a total of six months. During the Open Enrollment Period, you have a guaranteed issue right to all Medigap plans that are available in your area. This means insurance companies cannot deny you coverage due to your health status or other underwriting issues.
Other Times Where Guaranteed Issue Rights Apply
If you are seeking Medigap coverage after your Open Enrollment Period has passed, you may still qualify for guaranteed issue rights. For example, if your Medigap insurer goes bankrupt or if your coverage ends through no fault of your own, you likely qualify for guaranteed issue rights. Other circumstances may make you eligible as well, but you should work with an insurance agent to determine whether you qualify.