When Can I Switch My Medicare Supplement?
Anytime.
There’s your answer. If your Medicare Supplement is giving you a hard time, if it’s holding you back with its sky-high premiums, then get a new one.
But before exiting this window, I need you to consider this one fact.
The Switch Will Not Be a Free-for-all.
In other words, there’s no guarantee you will be able to get into another plan. The first time you enrolled in a Medicare Supplement was different. You were in your Open Enrollment Period, so insurance companies were obligated to give you insurance. Now? Not so much.
Now you will have to prove your insurability through medical questioning. They aren’t looking for perfect health, of course, and they won’t care if you’re on a few blood pressure or cholesterol pills. But this is something to consider…especially if you have a chronic condition. Ask yourself this question: What are the chances that you will be able to get on a plan that is better than your current one based on your health?
Definitely try. This is for sure. You don’t even need to wait until the Annual Enrollment Period (October 15- December 7). You can do it now. There are a lot of companies out there with great rates. It can only help you to shop around.
But heed our warning. Do not discontinue the plan you are on until you get accepted by another plan. We don’t want you to get stuck uninsured or on a plan that doesn’t meet your needs. We know you don’t either.
Looking to switch your Medicare Supplement? Need expert guidance to choose the right plan? Then call Seniormark at 937-492-8800 for a free consultation.
About the Author
Ready to retire and unsure what to do next? Get our "Introduction to Medicare” eBook to start to make sense of Medicare and your options.