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Changing Medigap Plan After Purchase

By law, when a Medigap policy has been purchased, there is a 30-day “free look” or trial period. The plan can be canceled, and money refunded if unsatisfied with policy during the 30 day period. If switching Medigap plans, do not cancel policy until after the free look period is up or two premiums may end up being charged for 1 month. It is possible to switch back to the first plan if needed.

Medigap Coverage for Pre-Existing Conditions

If there’s a pre-existing condition and no creditable coverage (6 months minimum) when enrolling in Medigap, Medicare providers can impose a “pre-existing condition waiting period” and refuse to cover prior medical conditions for up to 6 months. This period depends on how many months there was no creditable coverage. Most forms of health coverage count as “creditable” if there is no break in coverage for more than 63 days.

A prior or pre-existing condition is a condition or illness that was diagnosed with or treated for before new healthcare coverage began.

Related Content

Changing Medigap Policies
There are many reasons to switch Medigap plans. Maybe out-of-pocket costs are too high, certain benefits are unneeded, or health changes require more coverage.
Changing Medicare Part D Plans
Most people are allowed to switch Part D plans once a year, during the Annual Election/Open Enrollment Period (October 15 – December 7).
How Medigap Works
Medigap can be purchased from private insurance companies in each state. There are 11 different standard Medigap plans that can be sold in most states.

Age Well Planner is an educational website created by nonprofit the National Council on Aging (NCOA). We provide information, resources, and referrals on topics such as: Benefits, Income, and Medicare.

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