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Change Medicare Supplements Any Time Of Year

If you need immediate assistance to change Medicare supplements, contact us at us 614-402-5160

Did you know that the “Medicare Annual Open Enrollment Period” that occurs each year does not apply to Medicare Supplements! Unfortunately the way that the Medicare annual open enrollment is publicized, makes it seem like all Medicare products must be changed during open enrollment.  It would have been more accurate to have called it the Medicare Advantage and Part D Drug Plan open enrollment period.worried-emogee

If you currently have a Medicare Supplement, other credible coverage like an employer group sponsored health plan or even just Medicare Parts A and B, don’t wait any longer to see if you qualify to change your Medicare Supplement. Find out now and start saving money on your premiums.  Keep in mind that you must have Medicare parts A and B to purchase a Medicare Supplement.

You can Change Medicare Supplements any time of the year but changing from a Medicare Advantage Plan to a Supplement after the Annual Open Enrollment is tricky

You can drop a Medicare Advantage plan and enroll in a Medicare Supplement anytime of the year. Be very careful because you can only pick up the Medicare part D Drug coverage under certain conditions.  We do not advise any of our clients to make a change like this unless the will also be able to get the prescription coverage or have separate medication coverage through the VA or an employer.

Trial Period

If you currently have a Medicare Advantage plan and want to enroll in a Medicare Supplement, there are very special circumstances that apply.  For example, if you enrolled in a Medicare Advantage plan within the last twelve months and this was the first time you were ever in a Medicare Advantage plan, you can drop the Medicare Advantage and go back to original Medicare and add a Supplement anytime during the first 12 months.

If you tried the Medicare Advantage and don’t like it, you can go back to your previous Medicare Supplement company for any reason.  You will not have to pass any health questions and they cannot deny you if you meet the guidelines.  If your previous Medicare Supplement company is still available, you will only be allowed to get the same plan and company back that you had before you joined the Medicare Advantage plan.

If you did not have a Medicare Supplement, you will have different plan designs with any Medicare Supplement to choose from depending on the state you reside in.  If you are interested in Plan G (which we highly recommend) you will have to pass the health questions.  Plan G is not offered for any guaranteed issue situations unless you had plan G before enrolling in the Medicare Advantage plan.   Plans F and N are almost always offered on a Guaranteed Issue basis without any health questions.

Making a change after the Annual Open Enrollment if you are not eligible for Trial Period

If you missed that December 7th deadline, there is another annual period of time each year that you can dis-enroll from a Medicare Advantage Plan, change to a supplement and pick up a Medicare Part D drug plan.   That period is called the Dis-enrollment Period and it runs from January 1st through February 15 of each year.  You should not wait wait until January 1 to start the process.

Simple Steps to ensure you do this without risking your existing coverage

Apply for the Medicare Supplement (Medigap) company and policy you would like to as soon as possible.  This is for people who are coming off of a Medicare Advantage Plan. Check out the Best Medicare Supplements, call or fill out the Customized Quote form to check out plans and prices.

  1. Ask for an effective date of February 1, not sooner, not later.  The only way this works well is with a clean change, and the earliest you can have a drug plan to go along with your Medicare Supplement is for a February 1 effective date.
  2. After you have applied for the supplement, you should wait to see if you are approved before you do anything  else. This could take anywhere from a few days up to a few weeks depending on the company and how busy they are.  In the mean time do not cancel your Medicare Advantage plan.
  3. Once your Medicare Supplement has been approved, anytime prior to February 1, call 1-800-Medicare to enroll in a drug plan for February 1st.  When you enroll in a Medicare Part D drug plan it will automatically cancel your Medicare Advantage plan.  Doing this directly through Medicare over the phone is simple, quick and easy.  It’s also is a safer way to avoid paperwork mistakes with the dis-enrollment process.

If you don’t have time to apply and get approved for the Medicare Supplement by February 1, then you can apply for the Medicare supplement to be effective for March 1, but you must enroll in the drug plan NO LATER THAN February 15.  If you can’t get the approved for the Supplement by February 15, you are taking a big risk if you call Medicare and enroll in the PDP Drug plan which will automatically kick you off your existing Medicare Advantage plan.  If this is situation, you may want to wait until next year’s open enrollment.

Consequences of not waiting for your Medicare supplement approval can be devastating.  If you get declined for the Supplement, and you already cancelled your Medicare Advantage, then you will only have Original Medicare Parts A and B for your Medical Care and will have to pay all costs that Medicare does not cover.  If you dis-enrolled by enrolling in the drug plan, then you will at least have the Medicare Part D drug coverage.  If this happened to you and it’s not yet February 15th, then call us immediately to see if we can help you resolve the problem.

Don’t try to do this on your own.  Make sure you have an experienced independent agent help you make the right decisions and apply for the best plan and in the appropriate manner to ensure you have no break in coverage.  Call now or send the customized quote form.





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