When Can I Change My Medicare Supplement?

When Can I Change?

If you purchased a Medicare supplement that has experienced high rate increases, you may be looking at changing your Medicare coverage to save money. If so, your first question may be: When can I change my Medicare supplement? The answer to that question depends. By the way, here is a guide to getting the best Medicare supplement for you:

I know, that sounds like a very political answer; but it is true. It depends on the type of change you want to make.

If you want to change to a Medicare Advantage plan, you will need to wait until the Medicare Annual Enrollment Period (AEP). However, if you want to change to another Medicare supplement, you can change anytime. Well, not quite. You can change anytime you can health qualify for another supplement. While there is a proviso on that change, the good news is that you do not need to wait until AEP to change your supplement.

I Have to Qualify for a Medicare Supplement?!

An individual has six months past Part B effective date to get a Medicare supplement of their choice without having to health qualify. This means not having to answer any health questions to get the coverage of your choice. After that period of time, you can enroll on any Medicare supplement offered in your state IF you can health qualify.

This means answering the health questions on the application, providing information about your doctor, and listing information regarding the medications you take.

Is It Hard to Qualify for a Medicare Supplement?

That depends. (This appears to be another political answer.) It depends on your health and the insurance carrier with which you are applying for coverage. If you have certain medical conditions, you may not qualify for a different Medicare supplement. Generally, these are conditions or combinations of conditions that could expose the insurance company to greater risk. Insurance is all about risk, so the insurance carrier is looking to see what kind of risk you are to that company.

If the company views you as potentially costing it a lot of money down the road, it will decline your application for coverage. But if the company views you as a good risk, then you will generally be accepted for coverage. The health questions and the medications you take can give the insurance company a good idea about what risk you may be to it.

It is important to understand here that different insurance carriers have different underwriting standards. This means that some companies will be more liberal in terms of whom they accept for coverage. So, just because your application is declined by one insurance carrier does not mean it would be declined by all insurance carriers. This means that if you really want to save money, you can apply to a different company after being declined by your first choice. In other words, don’t give up. (Typically, companies with the lowest premiums have the most stringent underwriting standards.)

A Point of Practical Application

At this point, your head may be swimming. After all, you want to save money on your Medicare supplement, so you want to apply with another insurance company. But to which company do you apply? Even if you find a carrier with better rates, how do you know what the underwriting standards will be? And, another important question to ask: Even if I find a company with a lower premium now, will that company jump its rates down the road? (Of course, none of us can tell the future, but past performance of a company can sometimes be a good indicator. Here is an article to guide you in that area.) So what to do? How can I make life easier?

This is where an experienced independent agent—one that represents lots of companies—can be of help. He or she can help point you in the right direction and, hopefully, save you a lot of money on your Medicare supplement. That suggestion just happens to align with this helpful maxim: It’s always good to find good help.


KevinKevin
14:47 24 Jan 24
John is a very knowledgeable subject matter expert and is thorough in his approach. He takes time breaking down and explaining what can be a somewhat complex subject and helps makes it easier to understand! John always has the best interests of his clients guiding his recommendations. We have found John's advice to be extremely helpful and would recommend him to anyone seeking health insurance.
Laura BogenschutzLaura Bogenschutz
18:06 21 Jan 24
John Claeys is the best! He has helped my husband and I tremendously with our Medicare and supplement coverage! He breaks it down to where you can understand it! We would be so confused without John!! Thank you John for being there for us!!
Thompson FamilyThompson Family
15:46 18 Jan 24
John Claeys is one of the most knowledgeable individuals on Medicare and supplemental insurance plans you can ever find. Not only is he very personable he also stays involved from year to year to ensure you have the best policies for your current needs.
Ingrid FauskeeIngrid Fauskee
23:21 17 Jan 24
I just got a Medicare plan through John Claeys. I was getting a lot of mail about Medicare and was so confused. Some friends told me about John so I emailed him and he contacted me right away.. He was amazing! He went through everything with me, he explained every detail and was so patient with all my questions . So grateful to him for all he did. Thank you John.😁
John Claeys helped me understand the in's and out's of Medicare. He found the best insurance and prescription plan to best suit my needs at an affordable price.Thank you John!Laurie Boriskie
Marsha AllenMarsha Allen
16:55 24 Oct 23
My experience with John was definitely 5 Star! He explained everything thoroughly, and simply. He answered all my questions regarding Medicare completely. I would absolutely recommend John, without reservation.
Linda WilliamsLinda Williams
10:08 12 Jul 23
I had a 5 star experience and would recommend him. Always returning my calls promptly, very helpful and informative, listened to what my needs was regarding my Medicare. I truly felt comfortable with John's help to navigate through the maze of Medicare
Cindy KulakCindy Kulak
14:51 18 Jun 23
John is very knowledgable, honest and ethical in helping clients evaluate Medicare options and get enrolled. He made the process extremely easy for myself and my husband.
Dale SimsDale Sims
16:28 11 May 23
John did a great job of explaining Medicare and supplemental insurance. He was thorough and patient. He answered all of my questions. I greatly appreciated his help.
Leeann MoosLeeann Moos
17:26 06 Apr 23
When I became eligible for Medicare, my phone was constantly under attack from Medicare options sales folk. Since I needed help understanding my options and life is too short to do business with annoying people a little research was in order. Thats how I found John. His other customers seem very pleased with his service and I decided to give him a try. I was NOT disappointed! He did an excellent job for me, is extremely personable and I could not be happier. Thank you John
Rose WrightRose Wright
16:07 05 Apr 23
I am so thankful for the help that Mr. John was able to assist me with medicare information. After being bombarded with letters and phone calls you just need someone who can walk you through the confusion. And after getting all the info and the best plan and benefits for what i needed. I am glad that He was there for me.Thank you so very much,Rose Wright
Steve HenselSteve Hensel
21:08 04 Apr 23
Claeys Group is great to work with. John is truly professional, knowledgeable and makes the entire process flow so much more smoothly than I expected. I would highly recommend him.
Deborah RounsavallDeborah Rounsavall
14:25 07 Mar 23
I changed from my person finance planning group to John for help. Others led me astray. John is very responsive and follows up promptly. Even helped me on the weekend at the end of year to get all my documents in on time so I didn't lose insurance coverage. Explains all the options in a manner that us rookies can understand it. I highly recommend John.
Setella ParksSetella Parks
13:12 07 Mar 23
John's knowledge is invaluable when it comes to navigating the murky water of Medicare plans. He answered all our questions in a manner we could understand and helped us compare benefits between plans, services, and providers readily available in our area. I am so happy we called on him to assist us! He handled EVERYTHING professionally and patiently and has followed up to make sure we are good. Highly recommend his 5 star service!
Sherry JonesSherry Jones
21:01 23 Feb 23
John was recommended by my sister-in-law, who spoke very highly of him. He wrote out the differences between policies and explained it step by step to me so I could understand which policy would be best for my needs. He was professional but also down to earth so I could be at ease. He did this at my bed side which was such a blessing for me. I highly recommend John for your Insurance needs.
T/D HT/D H
19:40 20 Feb 23
We were recommended by friends to call John Claeys for our insurance. He came twice to gather information on what we were looking for and returned with information and details. We are delighted to have John Claeys as our agent and would recommend to our friends and anyone else to call John Claeys today.Tom and Debbie
Joyce SandvikJoyce Sandvik
20:32 30 Aug 22
John Claeys came to our house to talk about all aspects of Medicare. He wrote out some information on a notepad as he talked and answered our questions. He gave us the handwritten notes along with printouts of more information specific to my needs. My husband and I took o a few days to discuss the options. John took a list of my medications and researched all the available prescription insurance policies for me. He narrowed it down to the best policy (best prescription prices) for me. It was so easy and I felt confident I was getting exactly what I need when I turn 65. Every September, he will research prescription policies from my updated list of medications to find the best policy for my needs. Thanks to John Claeys for making this transition extremely easy and effortless.
Marilyn ScottMarilyn Scott
09:35 23 Jul 22
John enrolled my husband into Medicare 4 years ago. I knew then I wanted him to help me with my Medicare when it was my time to enroll. John helped me recently. He is very knowledgeable, humble and so patient. He made sure I had the best plan for me. He genuinely cares about his clients. He is the best insurance consultant! I highly recommend John for your Medicare needs!!
James MartinJames Martin
20:31 20 Jun 22
John did a great job of providing many options for my insurance. He is very thorough.
Judy MarkmanJudy Markman
17:02 20 Jun 22
John goes above and beyond to find the best insurance to fit your needs at an affordable price. I definitely recommend!
Dave LemingDave Leming
16:56 20 Jun 22
John was referred to my wife and I as we began to transition to use Medicare as our insurance options. He was very knowlegeable about all things related to government programs and supplemental options as well. I would strongly recommend his services to anyone requiring such support.
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