Search
  • Troy Baccus

Can I cancel my Medicare Supplement plan anytime?

A common misconception is that Medicare's Annual Election Period covers Medicare Supplement plans. The election period runs each year from October 15 through December 7, but it only applies to Part D and Medicare Advantage plans.

So when can you cancel a Medicare Supplement plan? You might want to cancel your current Medicare Supplement plan and replace it with a different Medigap plan. The good news is you can do this at anytime. That said, unless you find yourself in a guaranteed issue situation, you'll have to undergo health underwriting.


Unlike other types of insurance - disability insurance, for example - Medigap underwriting doesn't require a medical exam. The process is usually pretty quick and involves answering a few health questions on the application.


As Medicare Plan F is discontinued for new enrollees in 2020, rates are expected to increase for those remaining on Plan F. While you can cancel your Plan F anytime, switching to a new plan will likely require underwriting, so the best time to make the switch is while you're still in good health.


#Medicare #Medigap

2 views

Call

Phone:(406) 548-3135

Toll Free:(888) 505-3822

 

© 2020 by Montana Life Group LLC

All rights reserved. Licensed name varies by state: Montana Life Group, Troy Baccus,

CA License OH37614.

We are not connected with or endorsed by the United States government or the federal Medicare program. The trademarks and logos appearing on this page are owned by the respective companies named or depicted therein.

  • facebook
  • Twitter Clean