Know about Medicare Supplement Plans Part D and about moving to another state

Do you have Medicare Prescription coverage? You must get enrolled during your SEP for the new Medicare Prescription Drug coverage and if you miss it you may have to pay a late enrolment penalty for Medicare Part D, later on. You can now enroll in Medicare Prescription Part D Drug plan as stand-alone and receive your Medicare coverage, but beyond the SEP means you must wait for the October 15 to the December 7 , the Annual Election Period.

 

If you are moving, ensure that your Medicare Supplement Plans are active in the new service area. This will alone qualify you for the SEP, the special election period so that you can enroll for a new plan offered in the service area you have just moved in.

 

Have a Medicare Supplement plan?  How to move to another state, it is here.

 

If you already have Medicare Supplement Plan well known as Medigap and now you are moving to another state means you can retain the policy. It is because in 47 states in the United States the Medigap plan are standardized. Only Wisconsin, Massachusetts and Minnesota have their own plans. As the other 47 states have standardized plans, you may stay and retain the same. Yet, be aware to check the prices in the new state for the Medigap plan and there may be some questions also to be answered about the health history.

 

The Medicare Supplement plans mostly offer the liberty of seeing any doctor accepting the Medicare. However, there is one Medicare SELECT, a Medigap plan that requires you to use within network providers. In case you own the SELECT policy and move away to new area:

 

  • You can sign up for Medigap standardized policy from the current Medigap policy that offers fewer or same benefits as your SELECT policy from the Medicare umbrella.
  • Sing up to buy Medicare Supplement plans available in the area that you have moved.

 

There is no need for medical underwriting in case you have Medciare SELECT for over a period of six months. If not, the health history may be reviewed by your insurance company and there are possibilities that you are charged more in case you have some health condition or if you consider not selling your policy.

 

Notify Social Security

Ensure to notify social security administration about the address change and they will handle the enrollment. You can do this only by answering the security questions and make a change.

Get online quotes today at Medicaresupplementplansfor2018.org.

 

 

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