Quote:
Originally Posted by HappyTraveler
If Medicare enrollees have the option to change plans during the Open Enrollment period near the end of each year -- why would anyone choose a plan at age 65, and in good or decent health, based on what their health might be like 15 or 20 years down the road?
Especially if choosing a plan that might be better if one is later sickly but, is much more costly now? Thanks...
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Once you get past 65 1/2, you are out of the “must issue” time frame. Meaning that you are guaranteed coverage in a Medigap plan with no health questions. Once you get past that age, you are subject to underwriting where they can deny coverage depending on your health. Medicare Advantage plans have no such qualifications and you can switch plans during open enrollment.
Waiting until you are older with potential health issues will pretty much guarantee that you will be denied coverage under any Medigap plan.