The Guaranteed Issue Rights, also referred to as Medigap Protections, embody your entitlements when health insurance providers are obligated to extend certain Medigap plans to you.
Under these circumstances, a health insurance company:
– Is compelled to vend you a Medigap policy
– Is required to include coverage for any pre-existing medical conditions
– Is prohibited from surcharging you for a Medigap policy based on your previous or current health maladies
In the majority of instances, your guaranteed issue privilege activates when you have another health insurance coverage that undergoes some form of alteration, such as when you relinquish your previous health coverage. Additionally, sometimes you are given a “trial right” to experiment with a Medicare Advantage Plan (Part C) and have the option to purchase a Medigap policy if you decide otherwise.
All too often, citizens of the United States overlook the importance of enrolling in Medicare Part B, which holds substantial value. When contemplating Medicare options, it is prudent to devote ample time to deliberation and confer with a neighborhood Medicare representative.
Delve into further details about Guaranteed Issue Rights at Medicare.gov here
