Want to know When You Can Buy a Medicare Policy? The best time to enroll yourself for the plan is during open enrollment which is a 6month time-window. In this time you can get better policies and the best price discount. In this time you can buy your medigap plan that suits your health condition. This period automatically starts when you turn 65 so you can enroll for Medicare part B which is medical insurance which can be changed. If this period turns out then you can’t buy a Medicare supplements insurance plan. If you want to buy after this period then you have to pay more.
During open enrollment
During this period Medigap insurance company wants medical underwriting to decide your Medicare price according to your health condition. If your health condition is low then you can definitely buy this plan. The condition of enrollment under open enrollment period
- I’m 65 or older.
- I’m under 65.
- I’m turning 65.
- I have group health coverage.
Outside open enrollment
If you want to enroll yourself after the open enrollment period then there are very few chances to get coverage by the private insurance company. If you don’t meet their requirement then they will not provide you any coverage. This time the company requires medical underwriting.
There are some private insurance companies that provide a different type of medigap policy named medicare select. If you want to buy Medicare select then you have to keep in mind that you can’t change or switch your plan till 12 months.
The conditions are mentioned below
- If you are under 65 and am eligible for Medicare because of a disability or End-Stage Renal Disease (ESRD).
- If you have a pre-existing condition
- If you have health problems.
- If you have a guaranteed issue right.
- If you have a pre-existing condition.
- If you have other health insurance.