SOMA Living April 2023

MEDICARE

ENROLLING IN A MEDICARE SUPPLEMENT PLAN

The Medicare Supplement Open Enrollment Period is not the same as the Annual Election Period that occurs each October 15- December 7. Open Enrollment dates for Supplement plans vary from one individual to another, so it is important to understand when you can enroll. Here’s what you need to know: • Medicare Supplement Open Enrollment happens one time for most individuals. • Open Enrollment is not annual; once your opportunity is gone, it is gone. • Medicare Supplement Open Enrollment lasts for six months. • You might be subject to health questions if you ever want to change plans. • Federal law does not require insurance companies to accept you into a Medicare Supplement plan in most circumstances. Medicare Supplement Open Enrollment begins on the day that your Medicare Part B activates. The window for enrollment in a Supplement plan lasts for six months, and then closes. For most people that means you must enroll in a Supplement policy when you turn 65. However, if you delay Part B coverage because you’re still working, then your Supplement open enrollment window will occur later, when your Part B coverage goes into effect. Either way, this Open Enrollment period is the only time you will be able to enroll in a Supplement plan without answering health questions. At any other time, a health questionnaire will be required and you could be denied coverage. I am a licensed Medicare insurance professional and can offer you a no obligation consultation as your Open Enrollment window approaches and to understand your rights and responsibilities with regard to Medicare Supplement plans.

ROBERT HUBSMITH, CLTC Financial Services Professional

I help my clients (at no cost to them) get the best Medicare insurance plan to fit their unique health care needs and at the best price. Navigating the Medicare system can be confus ing and overwhelming, whether you are currently enrolled in Medicare or are newly eligible, so let me answer your ques tions, create a knowledge-based foundation, analyze options and ultimately guide you to an informed decision.

www.RHMedicareFactor.com

(201) 704-7872 rhubsmith@thejgagency.com

APRIL 2023 | SOMA LIVING 25

@somalivingmagazine