Should you enroll in a Medigap Policy (Medicare Supplement Plan)?

You should enroll in a Medigap policy (Medicare Supplement plan) because it gives you peace of mind from the financial exposure of Original Medicare out-of-pocket costs (it can be significant!). Note, however, that you may not need a Medigap insurance policy if you have other coverage, such as an employer group health insurance.

When is the ideal time to enroll in a Medigap Policy?

The best to enroll in a Medicare Supplement Plan is during the Open Enrollment Period. This is the six-month period after you’ve applied for Medicare Part B. During this time period, the insurance company cannot deny you any insurance policy it sells, cannot delay your coverage, and cannot raise their rates based on your medical history.

If you apply for a Medigap policy after the Open Enrollment Period, insurance companies may use medical underwriting to decide whether to accept your application, raise your rate, and/or impose a pre-existing condition waiting period.

Let Liberty Medicare Help You

Liberty Medicare is here to help you during all the stages of comparing, selecting and enrolling into the preeminent and most suitable Medicare Supplement Plan for you. All our services are entirely free to you!

Liberty Medicare represents many well-known Medicare Supplement providers in Delaware, Illinois, Maryland, New Jersey, New York, Ohio, Pennsylvania, and Virginia.  Learn more about all the benefits of working with Liberty Medicare.

If you are looking for Medicare Supplement coverage, let us help. To view accurate quotes from Medigap plan providers fill out our Medicare Supplement Quote form, or give us a call at 877-657-7477.