Medigap plans have become immensely popular in recent years because of numerous added advantages they offer over Original Medicare, Part A and Part B. Many people, across the US, are opting for this coverage so that they more of their healthcare costs that are generally not included in the coverage of their original Medicare insurance.
A general question that many people have related to their Medigap supplement insurance is that what will happen to it if they are moving to another state. If you are looking for an accurate answer to this question, you have landed at the right place.
In case you have purchased a Medigap plan and are planning to move to another state, there is no requirement to buy a new plan. This is due to the fact that Medigap supplement insurance plans are the same across the US, apart from three unusual states. However, people who have enrolled in Medicare Advantage Plans, they may face certain issues as it comes with some limitations. They can only use health care providers that are located within the network of this plan.
If you have relocated to an area that doesn’t fall within in the network of your Medicare select plan, the sole option you have is to buy a new Medigap supplement insurance plan that offers similar, if not the same, benefits you were obtaining from the Medicare select plan. The added advantage here for you will be that you won’t be required to undergo medical underwriting. This will save you from paying extra charges due to your health condition. In worst case scenarios, the insurance company may refuse to offer you a Medigap plan. However, this advantage can only be obtained if you had purchased Medicare Select plan 6 months prior to relocating to a new state.
In the case where you have a Medigap plan and have moved to a new state, you may have to pay a higher or lower premium after relocation. This depends on the Medigap rates in the states you have moved to. If the rates are more expensive, the premium value you pay monthly will increase and vice versa.
There is also a possibility of finding a Medigap policy in the new state you have moved in that is less expensive as compared to the one that you already one. In such a situation, all you have to do is to submit a new application for getting a new Medigap policy.
As stated above, Medigap plans are standardized in most of the states of the US. However, if you are moving to one of these states: Minnesota, Wisconsin, and Massachusetts, you may have to buy a different Medigap policy as these states have individual standardized plans.
To sum it up, if you want to continue obtaining the added advantages of your Medigap plan, do complete research on the state you are moving to regarding the rates and plans offered there and take the decision accordingly.
Learn more about Medigap plans and rates at http://emedigap-plans.com. Medigap Insurance brokers will help you compare Medigap Insurance rates and plans. To talk to an expert in Medigap coverage call toll free 888-452-7949!