You have a Medigap policy, but maybe you initially chose a basic plan and would like to “upgrade” to a more comprehensive Medigap plan, like Part F. Maybe you realize you’ve been paying for benefits you don’t need. Maybe your finances have changed and you need to save money on monthly premiums. Can you switch Medigap policies? We explore.
Can You Switch Medigap Plans?
As far as federal law protections are concerned, you likely won’t have the right to switch Medigap policies unless you’re still in your Open Enrollment Period or if you qualify for guaranteed issue rights. That said, your state might have protections in place. If you’re not sure if your state allows you to switch Medigap policies, we can check for you or you can call your state insurance department.
Even if your state doesn’t have regulations protecting your right to switch Medigap policies, some individual insurance companies might. We can check with the insurance companies and see whether they’ll allow you to switch and, if so, help you compare the new benefits and premiums to make sure the switch is a good idea.
If you’re looking to switch Medigap policies and need help with the process, please contact us and we’ll guide you through the process and your options.
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