Making a decision on your medicare benefits is a difficult time. It is important to lay out all of the options and understand which options will be available to you in the future. I mention this because many people make a big mistake during their initial enrollment period and pay for it later in life.
Many healthy individuals choose to select an inexpensive plan during this initial enrollment period. They may pass on the Supplemental plans because they do not need them at the moment and know they are available to them during the open enrollment period each fall. However, many do not know this important fact:
A current diagnosis of cancer will cause the carrier to decline your coverage.
Yes, Medicare Supplemental plans (also called MediGap plans) do have an open enrollment period every year. However, if you enroll during this open, you are subject to a medical evaluation. If you are diagnosed with cancer, you will not be able to enroll in these popular Supplemental plans.
In 2019, Plan F is the most popular Supplemental plan. In 2020, it will be Plan G. Make sure you enroll in these plans during your initial enrollment period when you are guaranteed acceptance.