When & How: Medicare Supplement (Medigap) Health Insurance

How Do I Apply for Medicare Supplement Insurance (Medigap)?

You must have a specific plan in mind in order to purchase a Medical Supplement Insurance Plan. Think about your current and future health care needs before deciding on what benefits you need in a plan. You also need to know the limit of your budget like how much would you like to pay for a monthly premium and how much are you able to shell out for out-of-pocket expenses. If you are still unsure of which one to choose out of the 10 policies that Medigap has, you can compare the plans on our website in order to know more about them or you can talk to one of our Expert Medicare Advisors through for a more in-depth knowledge with each plan and their coverage. Our advisors will assist you with the selection and application process. Our services are for free.

After you’ve decided on the plan that is best for you, it is now time to select the best company and price. We have all this information about the available companies and their prices for your chosen plan right here on our website to compare and contrast with. Each plan is structured the same way so if you are comparing Plan G from Company XYZ and another Plan G from Company ABC they are required to have the same benefits and coverage. Their only difference would be the monthly premiums that the company would charge you so it is better to choose the one with the lowest price.

The last step for this whole procedure of applying for a Medical Supplement Insurance or Medigap will be to either enroll online or speak with a licensed agent who will complete the whole application for you. You must first speak to an agent in order to verify your authenticity and they will send you an application to complete. They may also complete the application for you if you chose and will simply send it to you in order to sign either by email or through U.S. mail.

When Should I Apply for Medicare Supplement Insurance (Medigap)?

First, you need to be eligible in order to enroll in a Medicare Supplement Insurance Plan. You must be enrolled in both Medicare Part A and Part B to avail a Medigap service. The best time to enroll in one would be during the Medigap Open Enrollment Period. During this, you have a guaranteed issue right to join any Medicare Insurance Supplement Plan in your area. If you are new to Medicare or turning 65, most companies will allow you to apply up to six months before your Medicare Part B effective date.

For better processing time in case of any problems that may arise, we highly recommend that you apply for a Medicare Supplement Plan around 2-3 months before you would like coverage to start. You can choose to call one of our expert Medicare Specialists to call you back at the appropriate time to apply for one.

Make sure to apply when you are first eligible to Medicare in order to avoid any penalties for late enrollment that you have to pay on top of your monthly premiums. These penalties stay as long as you are enrolled to the specific Medicare part you gain a penalty from.

If you want more information regarding Medicare and Medigap enrollment procedures, plans, and costs don’t hesitate to call our toll-free hotline at (855) 230-0801 to speak to a licensed specialist. You can also browse through our website for information regarding certain topics and for price quotations.