The Medicare Advantage and Medicare Supplement are two different insurance types offered by private insurance companies. Each has its particular benefits, but the catch is, you can’t have both at the same time. However, you do have an option to switch plans if you need to. And, here is how you can get started.
How to Switch to Medicare Supplement
Before you can request a Medicare Supplement or Medigap, you would need to drop your Medicare Advantage. Revert to Medicare Part A and Part B is allowed during specific periods, such as:
When Else Can You Switch
There are times when you default to your Original Medicare because of certain events. Other circumstances would allow you to switch to Medigap, like:
As soon as you’ve enrolled back to the Original Medicare, you are qualified to apply for Medicare Supplement.
Reminder About Going Back to Original Medicare
It would be best if you were aware of some minor setbacks. Most of the time, you won’t have guaranteed-issue rights when you switch back from Medicare Advantage. What it means is that your insurer may need medical underwriting before you can obtain a plan. In this scenario, the insurance company will assess your current health status and medical history.
However, there are also other ways you can switch without losing your guaranteed-issue rights. You can receive 63-day limited guaranteed-issue rights when:
It is reassuring to have options available to get the protection when you need it the most. And, there would always be a time when getting a Medicare Supplement is the best plan for you.
At The Medicare Space, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (866) 717-8683 or Click Here to request a free quote.
4/25/2021 10:06:12 pm
I appreciated it when you shared that you are qualified to apply for Medicare Supplement once you’ve enrolled back to the Original Medicare. My friend just mentioned the other day that she is concerned about her parents who do not have any insurance plan but they keep on falling sick lately. I will suggest to her getting a Medicare insurance plan for them from a reliable provider.
5/27/2021 07:58:07 am
I'm trying to help my dad out with his insurance. It makes sense that getting the right insurance together would be important! I'll be sure to work with a professional to ensure that I do things properly.
5/31/2021 06:15:56 pm
It is great that this post shared that we are eligible for Medicare Supplement once we've enrolled in the Original Medicare. My sister mentioned that she does not have health insurance. I will recommend her to take up Medicare since they are known to be a reliable provider.
6/29/2021 06:31:52 pm
I appreciate that this post highlighted that when looking for medicare supplement, it is important for us to look at the premium. I do believe it is best to speak with professionals. I will definitely be more mindful in choosing a supplement.
7/21/2021 11:12:18 am
Thank you for saying that the medicare enrollment period is from January 1st to March 31st. My wife and I are trying to figure out our medicare stuff and this article has been super helpful. I am going to send this to her so that we can discuss it when I get home tonight.
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