Medigap, also known Medicare Supplement insurance, offers guaranteed renewal and issuance, however you only have one opportunity in most states to enroll.
Medigap Guaranteed Renewal
Guaranteed renewal means that your insurance company cannot cancel your policy regardless of your health condition. Medigap policies must offer guaranteed renewal.
Medigap Guaranteed Issuance
Guaranteed issuance means that your insurance company must enroll you in a plan regardless of preexisting conditions. In most states Medigap only offers guaranteed issuance during your Medicare Supplement Insurance initial enrollment period. This six month period is when you first become eligible for Original Medicare Part B, which generally starts the first day of the month you turn 65. There is also a special circumstance Medigap enrollment period that typically will allow you to enroll seamlessly without health records for such circumstances as your employer’s retirement health plan ends. Besides these two enrollment periods most seniors who want a Medigap policy will have to undergo medical underwriting.
To learn more about a Medigap plan call 800-930-7956 or contact Senior65.com.