By law, the benefits of each Ohio Medigap Plan A – N are the same for every insurance company. Because Medicare Supplements are Federally Standardized, it will be in your best interest to continuously (annually or at least biennially) shop for the most competitive premiums as long as your health allows. We have found that many Medicare supplement insurance agents in Ohio will sell a Medicare supplement to a client and not check back with them to re-evaluate options.
Switching to another company is a pretty easy process and the application typically only takes about 10 minutes to complete and generally can be handled over the phone.
There’s nothing to lose by switching if you can save money and get the same benefits you had before.
Medicare Advantage Disenrollment –
We are finding more and more Medicare Advantage plans in Ohio being phased out or dropping policyholder coverage. If this is happening to you, you do have options. Every year Medicare allows you to make changes to your existing Medicare Advantage Coverage.
The Annual Election Period (AEP) is a period from October 15th to December 7th this year.
Open Election Period (OEP) is a period each year from January 1st through March 31st.
If you are not falling under the following enrollment periods, you may qualify for a Special Election Period (SEP). One example is if your company is dropping your coverage. You will generally have 45 days in which to find another plan – you will be guaranteed coverage. To find out what criteria you meet please contact one of our specialists.