Medicare supplement plans sold to you entirely depends on your medical condition. If you have a health problem, you will be sold the same Medigap policy at a higher price than that sold to a healthy person. You can rest assured that you will definitely have to pay more, for the same policy, than a healthy person. Also, one more factor governing this part of purchasing Medigap policy is your eligibility. You should be eligible by law then only you should go for the purchase.
So what would be the right time?
Now you should be wondering that is it compulsory for you to suffer a loss just because your medical condition is not as good as other people? The answer to this question is a simple no. There is a Medigap open enrolment period which the company provided during which anyone can buy Medicare supplement plans offered by the company. During this period you can buy the policies irrespective of your medical health. This would be the right time for you to buy a policy because it gives you the same benefit as that of a healthy person.
So what about outside the open enrolment period?
When this generous offer of the insurance company expires, there is nothing you can do much about it. There is no guarantee that you will be able to get the Medigap policies at the same price as a fit person would get it in. However, in some state, you are given the option of purchasing a different type of United Healthcare Medicare supplement plans which are called Medigap SELECT. One more advantage of buying this policy is that you have the right to change back to the regular Medigap plan if you are not satisfied with it within a period of twelve months.
Which Medigap policy to trust for travels?
The reason for buying a Medigap policy is to get an extra edge over the standard Medicare Advantage Plan. If you purchase Medigap Plans C, D, F, G, M and N your travel outside the US will be completely secure. The following are the point to be noted:-
- These policies cover your medical expenses when you are travelling outside the US during the first sixty days of your travel only or if your Medicare Advantage Plan does not cover it.
- They cover eighty percent of your medical emergency bills if you have met a two hundred and fifty dollar deductible for the year.
This makes Medicare supplement plans very attractive for the customers who are on a regular basis going outside the US.