The Guaranteed Issue Rights (also known as Medigap Protections) are your rights when insurance companies are required to offer you certain Medigap policies.
In these situations, an insurance company:
– Must sell you a Medigap policy
– Must cover all your pre-existing health conditions
– Can’t charge you more for a Medigap policy because of past or present health problems
In most cases, you have a guaranteed issue right when you have other health coverage that changes in some way, like when you lose the other health coverage. In other cases, you have a “trial right” to try a Medicare Advantage Plan (Part C) and still buy a Medigap policy if you change your mind.
In many cases, Americans do not realize that enrolling in Medicare Part B is as valuable as gold. If you are considering Medicare plans, you should take your time and discuss your needs with your local Medicare agent.