Switching Medicare supplement plans: 4 things you need to know
Many people enroll in a supplement plan when they are first eligible for Medicare. Also called Medigap, the plans help cover what Medicare Parts A and B do not.
Once enrolled, there are a number of reasons you may choose to switch. Not all companies offer the same level of service. Or you may find the coverage is not sufficient for your needs.
If you are considering switching, here are 4 things to know.
1. Pre-existing conditions can become an issue.
When you first become eligible for Medicare, policy prices are the same for everyone, regardless of health conditions. If you decide to switch later, you may run into health questionnaires and waiting periods.
2. If it seems too good to be true, it probably is.
Policies that cost little or nothing may cost you a lot more in the future.
3. You have options.
There's no shortage of plans approved by the federal government. If a plan doesn't fit your needs, find one that does.
4. Service varies widely.
Plans are identical from one company to another—federal law requires it. The service you receive is not. Companies with good service will:
- Reward staff for doing what's in your best interest, rather than quick sales
- Pay claims on time, accurately and without hassles
- Provide sound advice
- Give you access to doctors you want to see
- Require minimal, if any, claims paperwork
- Be there for you in the future
BCBSND offers a number of Medigap options. Explore our plans to find one that's right for you.