Helpful Tips

Things to remember when buying Medicare Supplement

• If you are replacing a current Medicare Supplement policy, the coverage of the new policy may be different, even if you get the same Plan letter. Coverage details have recently been revised.

• Be aware of the possibility of confusion between Medicare Part A, B, C, D and Medicare Supplement Plan A, B, C, D.

• Some Plans that were previously available have been discontinued.

• There are OPEN ENROLLMENT and GUARANTEED ISSUE occasions when insurance companies are not allowed to turn you down for coverage.  Other than these occasions, you must satisfactorily answer health questions to qualify.  For details, consult Choosing a Medicare Supplement Policy: A Guide to Health Insurance for People with Medicare.

• Standardized Medicare Supplement policies are guaranteed renewable or non-cancelleable even if you develop health problems while insured. This means once you have the insurance coverage, the insurance company cannot cancel your Medicare Supplement policy as long as you continue to pay the premium.
• While rate increases may occur, your individual policy cannot be singled out for a rate increase.