Medicare Supplemental Insurance Quotes - Medicare Supplements Made Easy

Switching or Changing Medigap or Medicare Supplement Policies and Plans

The Top 4 Reasons People change or switch to a different Medicare supplement policy are:

1. Current Medigap policy has the right benefits, and you want to find the same policy with another company that is less expensive.
2. Paying for benefits you don't need.
3. Need more benefits than you may have needed in the past.
4. Current Medigap policy has the right benefits, but you want to change the insurance provider.

Most of the time, you will not have a guaranteed issue right to switch Medigap policies, unless you are still within your first 6 months on Medicare. It is important to compare benefits and premiums before changing Medigap plans.

If you purchased your Medicare supplement policy before 1992, it probably offers coverage that isn't available in today’s Medigap policies. But, you should also take into consideration that older Medigap policies may not be guaranteed renewable for life and might have larger rate increases than standardized Medigap policies offered now.

If you decide you want to change, do not go and cancel your current Medigap policy until you have been approved and for the new Medicare supplement policy. You will be required to indicate if you are replacing Medicare Supplement coverage on the application for the new Medigap policy.

Once you have been approved, you will have 30 days to determine if you would like to keep your new Medigap policy. This is time period is known as your "free look" period. The 30-day free look period starts when the day you receive your new Medigap policy. Sometimes, you may have to pay both premiums for one month.

Contrary to popular belief, there are no certain enrollment periods for changing or switching Medicare Supplement policies. Only Medicare Advantage Plans and Medicare Part D prescription plans require you to make changes at certain times of the year. Your Medicare Supplement policy can be changed at any time.

Medicare Supplements Made Easy can provide you with competitive quotes in your area and help you determine if switching Medigap plans make sense for you. Remember, since all insurance companies offering these plans are required to offer the exact same coverage, the only difference is price. Call or click today to get the best Medicare Supplement Rates in your area and determine how much you can save by switching your Medicare Supplement policy.

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