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Offered by: Jennifer Bell – Bell Benefits, LLC

If you are on Medicare and have a Medicare Supplement, you might have an opportunity to change your plan January 1, 2021 – June 30, 2021.

What do I mean by “free pass”? In general, when you have a Medicare Supplement, you can change from plan to plan or insurance carrier to another insurance carrier at any time. e catch is you will have to answer a list of health questions and face the insurance carrier’s underwriting department. This can be a challenge for some.

Most people will keep their existing Medicare Supplement once they have it because they like the coverage. One of the disadvantages though is the annual premium increases. As the monthly cost increases over time it can get expensive.

When the Plan C and F were no longer available for folks turning 65 on or after January 1, 2020, those who already had the Plan C or F have been faced with a challenge. As people drop out of the Plan C and F, the premium increase percentages for those remaining can be larger year after year.

The state of Colorado has created a Special Election Period for certain people January 1, 2021 – June 30, 2021. During this time frame, if you have one of the 3 plans listed below and want to make one of the below plan changes, you can without any health questions.

  • Plan C to Plan D
  • High Deductible Plan F to High Deductible Plan G
  • Plan F to Plan G

You can do this with the same company you already have or you can switch to a different company. This can be very confusing so please call me with questions as to why you would stay in your plan or possibly change. 720.626.6524

Jennifer Bell | Bell Benefits