Switching your Existing Medicare Supplement Plans

Quite naturally it is not always compulsory that you will be satisfied with your existing Medicare supplement plans, and nor is it a compulsion that even you don’t like a plan you essentially need to stick to it. However, experts recommend you to stick to a particular plan, if you are satisfied, but if you are not, there are ways how you can switch your existing Medicare supplement plans.

Well coming to one’s decision about switching his/her Medigap policy, there can be numerous reason why you may seek for a change, which can include reasons like

  • You are seeking for more benefits compared to your current Medigap policy
  • You think you are paying needlessly for a set of benefits which you do not require
  • You don’t seem to feel satisfied with the services of your insurance company
  • You are looking for a budget friendly alternative to your existing supplement plan

Moreover besides these reasons, you may also need to change your Medigap plan under certain circumstances when you are eligible for guaranteed issue rights.

  • You can cancel and switch to new Medicare supplement plans if you find your insurer has committed a fraudulent activity.
  • You are losing the coverage benefits since your insurer company is running out of business or bankrupt
  • You can also cancel policy if you find the company has misled you onto it

Switching Policy

According to the Federal Law you don’t have the right to switch your Medicare supplement plans unless you are still within the Open enrollment period or if you are eligible for the guaranteed issue right. However, all these do not mean that you cannot change your policy absolutely. If you residing a State with somewhat lenient and generous rules, or even if your insurance company is seeking to sell you another Medigap policy. You can definitely opt for a change.  And you can find out about the plans by going to http://www.medigapplansguide.com.

Now if you do not fall under the two definite categories for a change that is if you are not eligible for any guaranteed issue right or if you are not under your open enrollment period, you may have to pay higher for your new Medigap policy, or you might need to answer to some medical questions from the insurer. If you do not have any preexisting medical conditions then changing can be easier or else switching can be difficult and an insurer can deny your application as well.