Before a person worries about whether he should switch to a different Medigap plan to meet his needs, he may need to worry about whether or not he can switch his Medicare supplement plan. In order to find out whether you can or not, a Medigap policy holder should contact his insurance company.
Some companies allow a person to switch the plan they have, but most insurance companies do not. If a person moves or gets dropped from a policy he can switch to a different one, and he can also change policies if he decides he does not like a Medicare Advantage plan.
If a Medicare recipient with a Medigap policy does not have an adequate level of health insurance coverage, there is no reason he should not switch his policy if he can afford to do so. Switching to gain adequate coverage falls under a common sense ruling. The only reason a person may not want to switch is if he has enough money to pay for the additional costs out of pocket.
A person can only switch Medigap plans without penalty if he is dropped, wants to opt out of a Medicare Advantage plan within a year of purchase, or has guaranteed issue rights. Medical underwriting may affect people who change their policies under other conditions.
If a person manages to change his Medigap plan, the most prominent change will be in his premiums. The coverage under each plan also changes according to what the new plan is. If a person keeps the same plan, and just finds a cheaper one or has to change companies because he moves to a different state, he may not suffer any changes at all.