Some Information About the Medicare Supplement Guaranteed Issue
You can think of the Medicare Supplement guaranteed issue as privilege that is provided by Medicare letting you take advantage of such in specific situations if you must change the healthcare plan you own. You might want to move to that Medigap plan from such Medicare Select plan or a different one or you wish to change to the Medigap plan because of some issues.
Medicare permits the guaranteed issue under certain situations and you must have a time limit when it comes to making the change. Such initial period of enrollment may actually last up to 6 months after turning 65 but you will only get 63 days in order to make such change through the Medicare Supplement guaranteed issue.
You must know that you may get Medigap after exiting the group insurance. A lot of individuals actually keep on getting benefits because of the group employment coverage after turning 65 years old. Probably, you are not yet prepared to retire or perhaps the employer has agreed that you continue such group coverage after leaving as part of the overall benefits package.
Irrespective of the situation, if such group coverage ends, such guaranteed issue would let you select from so many Medigap plans. Well, Medicare doesn’t penalize those seniors who would continue to work for the employers or who would like to benefit from the group coverage.
Though you have that COBRA insurance, you can still have such Medigap policy. You will get guaranteed issue rights even if such COBRA policy continues in effect.
Also, you can get that Medicare supplement guaranteed issue if the Medicare Advantage plan which you have is not usable in your current location. Well, the Medicare Advantage actually doesn’t always serve all the regions. If the insurer that you have doesn’t provide you with a plan in your present location, you should have that Medicare Supplement guaranteed issue which will let you get a plan in your new place.
In such case, you need to return to the Original Medicare first. If you are moving to a new state and have another Medicare Advantage plan, you won’t have the guaranteed issue rights when you are going to decide for the Medigap plan.
For such situation, you may select from the Medigap Plans A, C, B, F, L, and K. Each offer comes with a different level of coverage so you must do your research before deciding about the plan that you should get to ensure that it really serves your needs.
You must know that the guaranteed issue rights would really protect you from those waiting periods and such screening processes. Moreover, they would prevent you from being denied by the insurance companies.