When you turn 65 or first enroll in Medicare Part B you have 6 months to choose any Medicare Supplement Plan you want, from any company you want, without answering any health questions. In most cases, after those 6 months, if you wish to change your supplement company, insurers can ask health questions and will decline your application if they are not satisfied with your health history.
There is only ONE REASON to change a Medicare Supplement Company… PRICE! The plan will not change, your coverage will not change, but you should be up to date on the premiums that other companies are charging for the same exact plan. You cannot mess up the coverage, no matter the company you choose. But you CAN mess up what you pay to have the coverage. That is the only difference from company to company.
You can change your Medicare Supplement company at any time of the year. There are no Annual Enrollment Periods for Original Medicare and a Supplement. You can shop and change ANYTIME you want. There is only 1 reason to change – Price… but you will have to answer health questions to change from one company to a less expensive one. Each company has varying requirements to your health condition and medications you take that they will either deny or accept. Just because you have a health issue doesn’t mean that you will not be able to make a change to save money. My Team will find the companies that WILL approve your application based on your health. If we can save you money on the premiums knowing the companies that will approve your application, we can help you make the change.
Considering that each company has their own list of medical questions… they are not all the same. Some are very strict on what medications you use or what health condition you have, while some are more lenient. Some companies have no limit to the diabetic medications, blood pressure medications, or depression medications, while others do. Some will allow dosage changes in some medications within the last 2 years while others will not. Whereas, they all will agree on the health condition they will decline.
Our Supplement Review Manager, Melissa, is an expert in the underwriting of supplement companies and has personal relationships with several of the top carrier’s underwriting departments. She is very good at sorting out the company options and matching your health to a company that will accept you. It only takes a few minutes to discuss better premium options with her by phone to see if there are savings to be had. Give her a call, and you will be happy you did.
Melissa in my office can be reached at 270-776-9660. She is not a salesperson, so there is no obligation to see what’s available for you.
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