January 13, 2021
Do you think you are paying too much for your Medicare Supplement Insurance?
It’s pretty common to get rate increase on medigap insurance, but did you know you can apply for a new Medicare Supplement (Medigap) plan 365 days a year. In most cases you would have to answer a few health questions and disclose your current prescription medications in order to apply. Keep in mind that you will see no change in benefits, only a different insurance carrier and lower premium.
We represent the highest rated Medicare insurance companies and assist you in searching for a Medigap plan that will help lower your current Medigap premiums. Our top rated carriers include Mutual of Omaha, Cigna, Transamerica, Aetna, Manhattan Life, Lumico and many others.
Our team of independent agents are here to talk with you about finding the best insurance plan to meet your needs.
Helping you make sense of Medicare
We know that Medicare is not easy to understand. With so many options, it’s easy to feel lost and overwhelmed. We believe that clarity, simplicity, and transparency are key to making the best decision regarding your Medicare options. That’s why we break it down in simple terms and walk through the process with you step-by-step. We often hear from new clients that their MediGap Select agent was the first person to actually help them make sense out of Medicare.
Frequently Asked Questions:
We want to take the time to answer some questions we are frequently asked from people considering changing Medicare plans, just like you.
Why would I want to change my Medicare Supplement plan?
Better benefits and lower premiums is the reason. This applies to Medicare Advantage plans, Medigap Insurance and Prescription Drug plans. There are different times and rules that apply to changing plans.
How do I change my Medicare Supplement to get a lower premium?
We research all the insurance companies that offer the plan you want to change to and if there’s a lower premium available then help you determine if a change is possible. Some states including Missouri allow you to change your Medigap plan without medical underwriting (health questions) on the anniversary of your current plan or your birthday month.
What is the best time to change Medigap plans?
If you live in the state of Missouri the best time to change your Medigap coverage is on the anniversary (effective date) of your policy. You have 30 days before and after to make this change without any medical underwriting questions.
Can I change my Medicare Advantage Plan to a Medigap Plan?
Yes you can, however there are some specific steps that you must take in order to do this. First you must get approved for the Medicare Supplement plan before disenrolling from your Advantage plan. The best time to do this is toward the end of the year and then your new coverage would start January 1st of the New Year.
Why would I want to change my Medigap plan?
Insurance companies will periodically increase your premium year after year. We can help determine if your current plan is available with another company for the sole purpose of saving you premium dollars.
Can I change my Medigap plan at any time?
Yes, you can apply for Medicare Supplement insurance anytime throughout the year. However, you may have to answer medical history type questions to qualify for the plan you want.
We’d like you to know us on a first name basis
Our team of independent agents shares a commitment to helping seniors make the best health insurance decisions. Every team member at MediGap Select is licensed, trained and certified in Medicare and Medicare related insurance products. When you work with MediGap Select, you’ll discuss your needs with an agent whose name you know. And once you’re on the right plan, your MediGap Select agent will walk with you through the lifetime of your policy. That means when claims occur, you are not alone.
Ready to find the right Medicare plan for you?
Our team of independent agents are here to talk with you about finding the best insurance plan to meet your needs. Call us at (800) 405-4802 to talk about your Medicare options.