Important Information:
Supplement Plans
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Supplement polices are identical from on insurance company to the next. The only difference is price.
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Insurance companies cannot deny coverage or charge higher premiums if you enroll during your initial Medicare open enrollment period
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Once your initial enrollment period ends, insurance companies can deny or charge higher premiums if you've had adverse health history.
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If you want to switch from an Advantage plan into a Supplement plan, you can be denied or charged higher premiums based on health history.
Drug Plans
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You must analyze the prescriptions you take to find the lowest cost plans.
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Each year your prescriptions may change. You can shop for a new plan between Oct. 15th and Dec. 7th each year.
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You can change each year regardless of your health history.
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Many Advantage plans package in your drug plan, limiting your ability to shop for a separate prescription drug plan.
Advantage Plans
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Advantage Plans are different from each insurance company.
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Each plan has different networks, copays, coinsurance, and deductibles.
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Plans can change or be cancelled each year.
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You can shop for a new plan each year between Oct. 15th and Dec. 7th.
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There is no health underwriting when changing plans.
Full-Service
This guide is meant to be for learning purposes only. There can be unique situations that need to be considered when going on Medicare.