How to Enroll in a Medicare Supplemental Plan

If you are sixty-five years old or more, you might decide to purchase a Medicare Supplement insurance policy plan during the “open enrollment” phase, no matter what your health may be like. Once you have gained eligibility for Medicare Part B, this open enrollment phase will run for a period of 6 months. For those who are disabled and under 65 years old without the End-Stage Renal Disease, they are eligible to the 6-month open enrollment phase; this starts with the individual’s entitlement to Medicare Part B to buy a certain uniform insurance plan (A, B, C, & F; or, if presently open, the H, I, J, K, or L plans).

Once a Medicare recipient turns 65, that person will be given another 6-month open enrollment phase for buying any of the uniform insurance plans from A to L.

As soon as you decide to buy into a Medicare Supplement policy, your next birthday will automatically become the beginning of your yearly open enrollment period and come to an end a month after that. The insurance plan has to be of equal or lesser value in conjunction to the preexisting policy.

“Open enrollment” denotes that an insurer cannot reject your purchase of any of the 12 given uniform policies as the result of a preexisting claims experience, medical problem or reception of medical care. If an individual does have a preexisting medical condition for which they have been given care of medical advice within the 6 months prior to the start of insurance, open enrollment could benefit them greatly.

NOTE: Even though a person is promised the right to buy any policy for Medical Supplement insurance during the open enrollment phase, the insurer is allowed to execute a waiting period of as long as 6 months prior to any benefits being given for that preexisting condition (unless the individual has had previously creditable coverage).

If a candidate has held a continual phase of creditable coverage in 6 previous months, it will be impossible for the insurer to count out benefits on the grounds of a preexisting medical condition. What “continuous period of creditable coverage” denotes is the period in which a person was receiving creditable coverage for the previous 63 days from the end of their previous coverage plan.

“Creditable coverage” denotes that when a person has been insured under any kind of group contract or individual that offered hospital, medical and surgical coverage, it was not meant to accompany any different plans.

If you are with a preexisting medical condition, contact your agent to find out what the summary on your preferred policy plan is like as far as the duration of the waiting period. There are some insurance policies that have more condensed waiting periods than others (and even none at all).

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