When Can You Change Medicare Supplement Plans?
Fair Square Medicare

When Can You Change Medicare Supplement Plans?

Medigap stock image

By Daniel Petkevich

Nov 18, 2022

Read this before you switch

Generally speaking, we believe that Medicare Supplement (also known as Medigap) Plans are the best option for most people eligible for Medicare. However, different circumstances require different solutions, and at Fair Square Medicare, we are here for you and your specific healthcare needs. Suppose you want to switch your Medicare Supplement plan. In that case, you must do so during your six-month Medigap open enrollment period or during a special circumstances period of eligibility due to guaranteed issue rights. 

Stay up to date on Medicare

Join the Fair Square Medicare Newsletter to stay informed on cost savings, changes to Medicare, and other valuable healthcare information.

What is a Medicare supplement plan?

 Medicare Supplement plans are health insurance policies that help pay for some of the out-of-pocket costs not covered by Original Medicare, such as coinsurance, copayments and deductibles. A Medicare supplement plan can provide valuable protection against rising healthcare costs. 

There are numerous different Medicare Supplement plan letters to choose from, including plans A, B, C, D, F, G, K, L, M and N. Each plan is standardized by the Centers for Medicare & Medicaid Services (CMS) and offers different benefits. All of those plans might seem overwhelming, but the simple answer is that you should probably be on Plan G (or Plan N in some states).

What are the benefits of a Medicare Supplement plan?

Depending on the type of plan you choose, Medicare Supplement plans can offer many benefits. 

These include:

  • Comprehensively cover some of the out-of-pocket costs associated with Original Medicare, such as coinsurance, copayments and deductibles. 

  • Offer predictable and affordable premiums. 

  • Provide generous coverage for medical bills. 

  • Allow you to see any provider that accepts Medicare assignment (in other words, they accept what Medicare pays). 

  • Can be used both domestically and abroad under certain circumstances. 

Overall, a Medicare Supplement plan can help reduce your risk of incurring expensive out-of-pocket costs associated with plans that don't offer as much coverage.

When can you change your Medicare Supplement plan?

You may switch your Medicare Supplement plan during the six-month Medigap open enrollment period. The timing of the open enrollment period is a unique to your Medicare start date. If your coverage starts on July 1st, then your open enrollment period starts that day, and continues for six months, until December 31st. During this time you have an opportunity to join any Medicare Supplement plan available in your area. 

The other way to change your Medicare Supplement plan is to receive guaranteed issue rights through a specific circumstance. Different states have different rules for what is considered a special circumstance. Here are some common examples: 

  • You move out of the plan’s service area 

  • Your current plan is ending or changing its benefits 

  • You qualify for a state health insurance assistance program 

  • You are eligible for Medicare Extra Help, also known as “Low-Income Subsidy” 

Be sure to check in with your local State Health Insurance Assistance Program to see what guaranteed issue rights in your state look like.

How can you change your Medicare Supplement plan?

The process to change your Medicare Supplement plan is relatively simple. All you need to do is call the insurance company that provides your current plan and ask them to cancel it. Then, you can contact an agent who sells plans in your area, or use the Compare Plans button on our website to compare different plans available in your area. Once you have selected a new plan, you will need to fill out an enrollment form and submit it to the insurance company providing the new plan. The insurance company will then review your application and let you know if you are accepted for coverage. 

Takeaway

Whether you decide to switch during your Medigap open enrollment period, or special circumstances period of eligibility, Fair Square Medicare can help you make sure you have the best plan for your specific circumstances. We will be there with you every step of the way so that you can find the perfect Medicare Supplement plan and rest easy knowing that your healthcare expenses are covered! Contact us today at 1-888-376-2028 to learn more about how we can help.

Stay up to date on Medicare

Join the Fair Square Medicare Newsletter to stay informed on cost savings, changes to Medicare, and other valuable healthcare information.


Learn More About Medicare

heart surgery stock image

How Much Does Open Heart Surgery Cost with Medicare?

2023-01-27

senior african american man feeling pain in his knees from arthritis while on a couch stock photo

How Much Does Xeljanz Cost with Medicare?

2023-01-25

Doctor talking to patients are explaining the treatment of a patient's illness stock photo

How Much Does Rexulti Cost with Medicare?

2023-01-24

Human hands holding healthy lung shape made from paper on light blue background. stock photo

How Much Does Trelegy Cost with Medicare?

2023-01-24

Female physiotherapist helping elderly man in wheelchair do exercises with dumbbells at health center stock photo

What Does Medicare Cover for Stroke Patients?

2023-01-20

Doctor demonstrating upper cervical spine anatomy stock photo

Does Medicare Cover Cervical Disc Replacement?

2023-01-20

Medicare Set Aside funds stock image

What Happens to Unused Medicare Set-Aside Funds?

2023-01-20

older man suffering from stomach pain due to IBS stock photo

Does Medicare Cover Xiafaxan?

2023-01-19

senior woman doing botox stock photo

Is Botox Covered by Medicare?

2023-01-19

Health insurance form on a table with pen, calculator and glasses stock image

What You Need to Know About Creditable Coverage

2023-01-18

Acute psoriasis on elbows is an autoimmune incurable dermatological skin disease stock photo

Does Medicare Cover Light Therapy for Psoriasis?

2023-01-17

wart on the sole of a white man's foot stock photo

Does Medicare Cover Wart Removal?

2023-01-17

woman sitting on sofa feeling pain in her foot at home stock photo

Does Medicare Cover Qutenza?

2023-01-13

Nasal spray stock image

Can Medicare Help with the Cost of Tyrvaya?

2023-01-12

Gloved hands with a scalpel begin a knee replacement surgery

Does Medicare Cover Iovera Treatment?

2023-01-11

A doctor with a clipboard consults a female patient with cancer

Does Medicare Cover Inqovi?

2023-01-11

Physiotherapist showing workout record on exercise bike

Does Medicare Cover Exercise Physiology?

2023-01-11

A women's restroom sign that has been modified to show the stick figure woman needing to use the toilet

Does Medicare Cover Bladder Sling Surgery?

2023-01-11

Your Medicare One-Stop-Shop

Your guide to Medicare Parts A & B, Medicare Advantage, and Medigap.

100% free.

Fair Square Medicare

LEGAL

Privacy Policy

CONTACT

1-888-454-2383

MORE


Virgil Insurance Agency, LLC (DBA Fair Square Medicare) and www.fairsquaremedicare.com are privately owned and operated by Help Button Inc. Medicare supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program. This is a solicitation of insurance. A licensed agent/producer may contact you. Medicare Supplement insurance is available to those age 65 and older enrolled in Medicare Parts A and B and, in some states, to those under age 65 eligible for Medicare due to disability or End-Stage Renal disease. Virgil Insurance Agency is a licensed and certified representative of Medicare Advantage HMO, HMO SNP, PPO, PPO SNP and PFFS organizations and stand-alone PDP prescription drug plans. Each of the organizations we represent has a Medicare contract. Enrollment in any plan depends on contract renewal. The plans we represent do not discriminate on the basis of race, color, national origin, age, disability, or sex. Plan availability varies by region and state. For a complete list of available plans please contact 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov. © 2022 Help Button Inc

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

MULTIPLAN_FairSquareMedicare_01062022_M