Medicare Supplements, also known as Medigap Plans have rates based on actuarial formulas and tables. By understanding circumstances that represent a lower risk, some Medigap Companies can save you money.
If you are enrolled in Medicare Part B, your Medicare Supplement Open Enrollment begins the first day of the month in which you turn 65 and lasts for six months. If you’re concerned about forgetting the dates. Don’t worry. You will be inundated with Medicare Supplement marketing material. And you thought nobody cared about your birthday.
Are you looking to purchase a Medicare Supplement, but you’re concerned about the underwriting requirements? Obviously, the best time to buy a Medigap Plan is during your Initial Enrollment Period (IEP).