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Medicare can be weird: Sometimes, bad news for beneficiaries can actually be good news. That’s the case for certain people who’ll be shopping for a 2025 Medigap policy during Medicare’s Open ...
People have a guaranteed issue right, or Medigap protection, when their other health coverage changes in some way. For example: if they lose Medigap coverage through no fault of their own, e.g ...
A person may qualify for guaranteed issue rights or Medigap protections. This means an insurance company must sell a person a Medigap policy without considering any present or past health concerns.
Medigap protections are known as guaranteed issue rights (GIRs), and they ensure that, in certain situations, a person cannot be denied a Medigap policy. In addition, the Medigap plan provider ...
Medicare supplement plans (Medigap) renew automatically each year. Learn more here.
Since Medigap is private insurance and not government sponsored, the rules governing the sale and offerings of a Medigap insurance policy can vary from state to state. Some states such as Massachusetts, Minnesota, and Wisconsin require Medigap insurance to provide additional coverage than what is defined in the standardized Medigap plans.
In 2007, California passed legislation to tighten the rules governing rescissions. [25] In December 2007, a California appeals court ruled that a health insurer could not rescind coverage without showing that either the policyholder willfully misrepresented health or that the insurer had investigated the application before issuing coverage.
Exactly what each Medigap lettered policy covers would take too long to explain here, but there’s a handy guide with details on page 11 of the free online Medicare guide, “2023 Choosing a ...
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