Recently a client referred a friend to me who, when she became eligible for Medicare, joined a Medicare Supplement plan. Because my client joined a Medicare Advantage plan with zero premium, my client’s friend wanted to change to the same Medicare Advantage plan.
(1) Since she is still in the 6 month window of becoming eligible for Medicare Part B she can make a change; however, not all of her doctors are in the same medical group nor do they all accept a Medicare Advantage plan.
(2) What we can do is lower her premium for the same Medicare supplement coverage by switching her to another insurance carrier. Medicare defines Medicare supplement/medigap policies, insurance companies offer them; premiums and timing of premium increases can differ by Company. By switching her to another carrier, she will save almost $20/mo. in premium and keep her same coverage.
Knowing the election options available to my Medicare clients as well as clarifying, based on their individual needs, what will work for them is an important part of what I do.