Open Enrollment for Medicare Insurance
I’m John Stamper with Choice Plus Benefits here to warn you about a common trap 65-year-olds buying Supplemental Medicare Insurance get sucked into every day. Here’s what it looks like.
You buy a shiny new policy at a cheap rate at age 65 when you’re still healthy and in an open enrollment period which protects you against being turned down due to pre-existing conditions.
After a little while in the program, the rate goes up. Maybe not a lot, but it’s going up.
Then you start having health problems or you get into your 70’s and the rate goes way up, really fast, and there may be nothing you can do about it.
You may have been told at the outset that you could switch to a different policy when this one got too expensive – that was not good advice. At that point, your health may not be what it was when you were 65, and you’re not in an open enrollment period anymore, so it’s difficult to impossible to qualify for any other policy. Seriously. You do not want to go there.
There is a right way to do Supplemental Medicare Insurance. Get with an agent who represents the best insurance providers, who understands the long-term consequences of the policies they sell, and who sells you a policy based on your needs, not theirs.
If you have any questions about Supplemental Medicare Insurance or any other health insurance option, please call us, email us or fill out the form on our website. Thank you for your time. Have a fantastic day.
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