Medicarebob

Medigap Monday: When Can I Shop My Medicare Supplement Plan?

Informações:

Sinopsis

   We are half-way through 2019 and most people have received or will receive their Notice of Increase from their Medicare Supplement carriers. It’s a very common misconception that you can only change your Medicare Supplement once a year starting in October. However, that is untrue. The October to December annual enrollment deadline only applies to Medicare Part D drug plans and Medicare Advantage (Medicare Part C) plans. If you have a Medicare Supplement plan, you can shop your plan all year long. One very important thing to remember about Medicare Supplement plans is that they are federally regulated plans. The letter of the plan dictates the coverage, not the carrier, so there is no reason to pay more with one carrier over another. So, if you received your Notice of Increase in the mail and you’re unhappy with the increase amount, you can contact your broker and have them shop the other carriers in your area for a better rate with the same exact coverage. You wouldn’t have to change your doctors