Guaranteed Issue Rights
In the Medicare Supplement world guaranteed issue rights are rights
you may have in certain situations that require insurance companies
to waive health questions and any pre-existing conditions when applying for their insurance policy. Most of the time you
have guaranteed issue rights when your coverage changes or you are
dropped from a policy (example: upon retiring).
A few of the top reasons people receive guarantee issue rights on
their Medicare Supplement policy
If you are in a Guaranteed Issue period, it is important to act quickly. You have 63 days after the guaranteed issue trigger occurs to obtain coverage. Please refer to the Medigap booklet in Section 3 to learn more about your Guaranteed Issue Rights.
- You are in a Medicare Advantage (MA) Plan and your plan is leaving Medicare
or stops offering care in your area, or you move out of the plan’s coverage
- In situations where you may have an employer group health plan, COBRA,
or union coverage that is ending.
- You are in a Medicare Select plan and you move out of the Medicare Select
policy’s service or coverage area.
- You joined a Medicare Advantage plan when you were first eligible for
Medicare at age 65, and within the first year of
joining, you decide you want to switch to Original Medicare.
- You dropped a Medicare Supplement to join a Medicare Advantage and
within the first year you decide to switch back.
- Your Medicare Supplement (Medigap) company goes broke.
- You leave a Medicare Advantage Plan or Medicare Supplement plan because
the company did not follow the rules or because they misled you.