Advantages of Medigap
Medigap plans offered by the Health Insurance Companies provide you with other great advantages:
- You can see any doctor participating in Medicare, which gives you access to a huge range of providers!
- Regardless of which insurance company you bought your Medigap plan from, the Medicare-accepting doctor will accept it.
What Medigap Doesn’t Cover
Medicare Supplement plans do not cover the following:
- Retail prescription drugs
- Dental exams
- Vision exams
- Hearing aids and exams
- Long-term/custodial care
Open Enrollment Period (OEP)
Beginning on the first day of your birth month, or when you have enrolled in part B, the OEP lasts for 6 months. Since you are buying your supplemental Individual Health Insurance during OEP, you:
- Won’t have to answer any medical questions
- Be denied insurance due to health conditions
- Not be charged an additional amount
- Purchase the Medicare supplemental plan of your choice
- Don’t mistake the Annual Election Period for the OEP. The former is for
- Medicare Part D while the latter is for your Medigap plan.
Guaranteed Issue Window
Medicare supplement guaranteed issue rights make you eligible to purchase certain Medigap policies within 63 days of losing your group coverage after retirement. The guaranteed issue window is a shorter time span than the OEP but it works in the same way.
You may choose between Plans A, B, C, D, G, F, K, L, M
IF moving out of state results in losing your Medicare Advantage coverage, you can avail your guaranteed issue right to apply for it in the new state.
Keep the notices from your former insurance carrier safe since they prove creditable coverage or you might be charged the Part D late enrollment penalty.
If the time for both OEP and
The Annual Drug Election Period is NOT the time you can change supplement without underwriting. It is related to Medicare Advantage and drug plans.
Get Your Free Copy of the “Ultimate Guide to Medicare” video and eBook from Florida Medicare Agency!
This book helps you learn about the different parts of the Medicare program, including Medicare Part A and Part B (together, they are often called “Original Medicare”), Part C (often called “Medicare Advantage”) and Part D (the part of Medicare that covers your prescription medications).
This website and its contents are for informational purposes only. Nothing on the website should ever be used as a substitute for professional medical advice. You should always consult with your medical provider regarding diagnosis or treatment for a health condition, including decisions about the correct medication for your condition, as well as prior to undertaking any specific exercise or dietary routine.
Florida Health Agency is a licensed health insurance agency certified to sell Medicare products.
Medicare has neither reviewed nor endorsed this information.