Texas Medicare Supplement

It is very important to understand when your Medigap (Medicare Supplement) open enrollment period starts. If your Medigap open enrollment period is over, Medigap insurance companies are allowed to use medical underwriting to decide whether to accept your application and how much to change you for the Medigap policy.

There is no guarantee that an insurance company will sell you a Medigap policy unless you are eligible because of on the following situations:

1. Your Medicare Advantage Plan is leaving the Medicare Program, stops giving care in your area, or you move out of the plan’s service area. Note: If you immediately join another Medicare Advantage Plan, you can stay in that plan for up to one year and still have the rights in Situations #4 and #5.
2. You are in the Original Medicare Plan and have an employer group health plan or union coverage that pays after Medicare pays, and that coverage is ending. This includes retiree or COBRA coverage. Note: In this situation, state laws may vary.
3. You are in the Original Medicare Plan and have a Medicare SELECT policy. You move out of the Medicare SELECT plan’s service area. You can keep your Medigap policy or you may want to switch to another Medigap policy.
4. (Trial Right) You joined a Medicare Advantage Plan or PACE when you were first eligible for Medicare Part A at age 65 and within the first year of joining, you decide you want to switch back to the Original Medicare Plan.
5. (Trial Right) You dropped a Medigap policy to join a Medicare Advantage Plan (or to switch to a Medicare SELECT policy) for the first time; you have been in the plan for less than a year and you want to switch back.
6. Your Medigap insurance company goes bankrupt and you lose your coverage, or your Medigap policy coverage otherwise ends through no fault of your own.
7. You leave a Medicare Advantage Plan or drop a Medigap policy because the company hasn’t followed the rules, or it misled you.

An insurance company can’t refuse to sell you a Medigap policy under the above situations. If you need any help at all with your texas medicare supplement application, feel free to contact me.

As always, if you are unsure of your options and would like to talk to a licensed agent, pick up the phone and call me right not. My direct line is (817) 781-9982.

Related posts:

1. Medigap policy or Medicare Supplement Insurance A Medicare Supplement Insurance policy (sometimes called “Medigap”) is health insurance designed to supplement the Original Medicare Plan, that is, to help pay some of the health...
2. Medicare Supplement Policy with Prescription Drug Coverage? Before 2006, some texas medicare supplement policies, including nationwide policies, included prescription drug coverage. If you still have a Medigap policy with prescription drug coverage, you...
3. How Insurance Companies Set Prices For Medigap Policies Each insurance company sets its own monthly premiums. It is important to ask how an insurance company prices Medigap policies. The way they set the price...

Tags: eligible, medicare supplement, medigap, open enrollment period, policy

This entry was posted on Thursday, January 10th, 2008 at 9:45 am and is filed under Supplement Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.