Open enrollment for buying your initial Medicare Supplements, starts from the first day of your birth month, during the year that you enroll in Medicare Part B. For most people, this will be the year that they turn 65. After that initial enrollment, there are no real enrollment periods in which you can make changes. There are conditions that may allow limit the choices that you have with certain Medicare Supplements. If you chose to replace a policy from one company with a policy from another company, you will be allowed to replace it with the same or lesser policy coverage with no underwriting. This type of change can take place at anytime during the coverage year.
There are certain times that insurance companies must offer you certain Medicare Supplements even if you have pre-existing health issues. Under these circumstances, the company must sell you a policy, cover all of your pre-existing health issues, and can’t rate up or charge you more for your coverage. These guaranteed issue rights usually come into play when that are changes, or you lose other health care coverage.
One of the most prevalent reasons that is seen is when a Medicare Advantage plan leaves the Medicare market, or certain areas. If your Medicare Advantage Plan is leaving Medicare or discontinuing coverage in your area, and you choose to go back to original Medicare vs. switching to another Advantage Plan, then you have a right to purchase certain Medicare Supplements. These plans are A, B, C, F, K and L. These plans can be purchased as early as 60 days prior to the date of your coverage ending, but must be purchased no later than 63 days after your coverage ends. This window will prevent any waiting periods for pre-existing conditions.