What to Ask about Medigap Insurance

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Shopping for Medigap insurance or Medicare supplemental insurance is a task which requires a lot of research and comparison shopping. Aside from this, it is also important that you know which questions to ask Medigap insurance companies as you look for a policy to purchase. Here are some that you can use. Are you licensed in my state? This is the very first thing that you need to ask every insurance company you would be talking to and the answer should always be yes. If they are not licensed, move on to another insurance company. What kinds of Medigap plans do you offer? There are several types of Medigap or Medicare supplemental insurance plans you can get. Most insurance companies offer only some of the plan types so you need to make sure that the company you are considering does offer the policy you need. Do you use medical underwriting for the Medigap plan I need?

Ideally, you would want the insurance company to say no and if they do not use medical underwriting, you can proceed with purchasing the Medigap plan you are thinking of getting. On the other hand, if the company does use medical underwriting but you are in your open enrollment period for Medigap or you have a guaranteed issue right to purchase that Medigap plan, then you can proceed with the purchase. Otherwise, you can ask the insurance company if they can tell you whether or not you are likely to qualify for the plan. Do you have a specified waiting period for any pre-existing conditions? Most insurance companies do and it is important for you to ask how long it is so you can take note of it and consider it later on when making a decision. Do you offer any discounts or additional benefits that I can avail of? There are some insurance companies that are able to offer additional benefits and features or discounts on the plans that they have in an effort to get more potential policyholders to get a plan with them so make sure that you would be asking before you make a decision.