How to Change a Medicare Supplemental Insurance Plan
Instructions
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Gather insurance rate quotes and levels of coverage from all of the companies that sell coverage in your state. You can get a listing from your State Health Insurance Assistance Office. Narrow down the policies you are interested in purchasing. Choose the one that best suits your needs.
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Obtain and fill out the new Medigap application. Be sure to note that on the application you must promise to cancel your current Medigap plan within 30 days of purchasing the new policy. This means you will have to pay for both policies during this 30-day period. After this "free look" time frame you can cancel either policy keeping the one you like best.
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Call the insurance company you have chosen to cancel and advise them of your decision to cancel. Each company may have different procedures for cancellation so be sure to take notes on the steps required.
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Medicare - Related Articles
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