Important Information:

Supplement Plans

  • Supplement polices are identical from on insurance company to the next. The only difference is price.

  • Insurance companies cannot deny  coverage or charge higher premiums if you enroll during your initial Medicare open enrollment period

  • Once your initial enrollment period ends, insurance companies can deny or charge higher premiums if you've had adverse health history.

  • 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

  • You must analyze the prescriptions you take to find the lowest cost plans.

  • Each year your prescriptions may change. You can shop for a new plan between Oct. 15th and Dec. 7th each year.

  • You can change each year regardless of your health history.

  • Many Advantage plans package in your drug plan, limiting your ability to shop for a separate prescription drug plan.

Advantage Plans

  • Advantage Plans are different from each insurance company. 

  • Each plan has different networks, copays, coinsurance, and deductibles.

  • Plans can change or be cancelled each year.

  • You can shop for a new plan each year between Oct. 15th and Dec. 7th.

  • 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.