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Does everyone who wants a supplement need to go through medical underwriting?
No, not everyone who has a Medicare supplement (also known as Medigap) policy has to go through medical underwriting. The rules for medical underwriting can vary based on different factors, including when you enroll in a Medigap policy.
In the United States, there are certain periods when you have guaranteed issue rights for Medigap policies. During these periods, insurance companies are generally required to offer you a policy without medical underwriting, which means they can't deny you coverage or charge you higher premiums based on pre-existing health conditions. Some common situations where guaranteed issue rights apply include:
1. Medigap Open Enrollment Period: This is typically the best time to enroll in a Medigap policy. It starts when you're both 65 years old and enrolled in Medicare Part B. During this six-month period, you have guaranteed issue rights, and insurance companies cannot consider your health status when offering you a policy.
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2. Other Guaranteed Issue Situations: There are various other situations that can trigger guaranteed issue rights, such as if your previous insurance coverage ends, your insurance company goes bankrupt, or you lose other coverage due to certain circumstances.
Outside of these guaranteed-issue situations, if you apply for a Medigap policy, insurance companies may conduct medical underwriting. This could involve reviewing your health history and possibly charging you higher premiums or denying coverage based on pre-existing conditions. It's important to note that Medigap policies are regulated at the state level, so rules and regulations can vary from one state to another. If you're considering getting a Medicare supplement policy, it's a good idea to research the specific rules and options in your state and to contact insurance companies directly to get accurate information about their underwriting practices.
MedHelpCenter.us recommends that you call the Senior Health Insurance Agency at 813-592-8568 for further explanation.
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