Whether you are just turning age 65 and enrolling in Medicare, or you’re shopping for a better rate and already have a supplement you have come to the right place if you’re looking for Medigap instant quotes. We are one of the very few websites that actually provides quotes from the top carriers to our visitors as we realize price is a major issue when purchasing a policy. This website was designed to educated you in the various plans and benefits, and certainly that includes the cost.
Every Company Has Identical Coverage
One of the biggest reasons we encourage people to get quotes from multiple carriers is that they all have the exact same benefits within each plan letter. Out of the 10 available Medigap plans each company is required to offer identical coverage for each plan letter with no exceptions. For example, a Mutual of Omaha Plan F is no different in any way from an AARP Plan F. The biggest difference, however, is the price which can vary dramatically between each company. Not getting multiple quotes can end up costing you far more than you should pay in some cases.
Applying For Coverage
If you are thinking about applying for a supplement plan then you should be aware that you are only guaranteed the medical insurance at a specific point in your life. Those needing health care coverage should know what to expect and when would be the best time for them to sign up for that coverage.
When you turn 65, the 6-month period directly following is known as open enrollment. During that time, you are guaranteed to be approved for extensive medical coverage. This period comes with great benefits for the elderly and those with health problems.
Under open enrollment, you are able to buy any medical coverage offered by insurance companies at the same price as younger, healthier applicants. This ensures you get the coverage you need at a price that you can afford.
Putting the open enrollment period at this point in a person’s life is a way for the federal government to make sure that people are thinking about their health care coverage and protecting themselves against expensive medical bills.
Outside of open enrollment, you are subject to the discretion of insurance companies. They can decide whether or not they want to sell you medical coverage and at what rate, depending on your health risks and age. That is why open enrollment is absolutely the best time to apply for health insurance.
If you are already covered under a federal insurance plan, then you can change your plan at any time throughout the year. This allows you to find a better rate for medical coverage. This is permitted because open enrollment only applies to Part D drug plans.
Guaranteed Issue Rights
In some situations, the government guarantees your right to buy insurance policies covered under the Medicare supplement plan. These guaranteed issue rights cover persons who meet any of the following criteria:
- You are covered by a Medicare Advantage plan
- You have to leave your current plan because of rules broken by the issuing company
- You have a trial right
- The issuing company goes bankrupt
- You move out of the service area of your policy or
- Your current employer’s coverage is ending
If you meet any of these conditions then you cannot be denied a Medigap policy. The issuing insurance company must also sell you the plan at a price that does not increase due to your health problems, and they must cover all of your pre-existing health conditions. This helps to keep you safe despite changes that occur in your coverage or in your life that are beyond your control.
Use our FREE online quote engine to get Medigap instant quotes from the top carriers in your area. It’s Easy!