Medicare Supplement open enrollment periods are not exactly when you think they are. Most people mistakenly believe that there is an annual enrollment period for Medicare Supplement plans, during which you can just change plans to a new plan without having to answer medical questions or go through medical underwriting of any kind. This is simply not the case.
On the contrary, there is no annual period for Medicare Supplement plans. The annual period that causes this confusion only applies to Medicare Part D prescription drug plans and Medicare Advantage plans (Medicare Part C).
With Medicare Supplement plans, you can change plans or companies at any time of the year you wish. In most states, you do have to go through medical underwriting when you do this, no matter what time of the year it is. There are a few exceptions, notably Missouri, California, New York and Washington. In these states, there are some state-specific guidelines that make it, generally speaking, easier to change plans if you have pre-existing conditions. To get specific information on how the guidelines may be different in your state, please contact us on our website.
Now, to talk specifically about Medicare Supplement open enrollment periods, that term refers to the six-month period during which someone is both age 65 or older and enrolled in Medicare Part B. For most people, who go on Medicare through traditional means (age-in to Medicare at age 65), this starts the first day of the month they turn 65 and lasts for six months. Most companies will accept applications during the three (or in some cases, six) months prior to the Medicare Part B effective date, but coverage always starts on a date that coincides with when Medicare Part B itself starts.
During this Medicare Supplement open enrollment period, you can enroll in the plan of your choice with the company of your choice, with no medical underwriting or restrictions for any pre-existing conditions. This is, without a doubt, the best time to enroll in a Medicare Supplement plan. It allows you the security of being able to enroll in a plan that you may not otherwise qualify for (if applying outside of the open enrollment period). Keep in mind that, if you are enrolling in a plan outside of your initial open enrollment period (when you first go on Medicare) there are no additional enrollment periods annually.
So, if you are going to enroll in a supplement plan, it is very important that you take advantage of your initial enrollment period to do it when you are first turning 65 or going on Medicare. If you have questions about this or want to get Medicare Supplement quote comparisons, you can contact us on our website – http://medicare-supplement.us/medicare-supplement-quotes.php