Your Medicare Supplement Guaranteed Issue Rights:
When dealing with Medicare Supplement Insurance, it is important to familiarize yourself with the rights you are guaranteed. If you were to lose your medigap insurance coverage, you may have the right to purchase a Medicare Supplement Insurance or Medigap policy without having to satisfy underwriting requirements. This is known as a guaranteed issue right. You would need to provide proof that you lost your health coverage or medigap plan to be eligible for the guaranteed issue right and purchase your Medicare Supplement Insurance plan without underwriting. The specific Medicare Supplement Insurance plans eligible for your guaranteed issue depend on the state you live in. In most cases, the guaranteed issue right remains valid for 63 days, starting from the coverage date. When it comes to guaranteed issue rights, companies are not permitted to place any restrictions, such as a pre-existing condition restriction, waiting periods or exclusions, on these Medicare Supplement policies.
For more information on this subject or to determine if you are eligible for Guaranteed Issue or other Medicare Supplement rights, call Florida Health Insurance Broker at: 1-561-935-3907
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or call Neil Primack at: 561-935-3907