When Can I Change My Medicare Supplement Plan in Iowa?

If you have a Medicare Supplement (Medigap) plan in Iowa, you may be wondering when you can change to a different plan. Unlike Medicare Advantage and Part D prescription drug plans, which have specific enrollment periods, Medigap plans have more flexibility for switching. However, understanding the rules and potential underwriting requirements is crucial before making a change.

Can You Change Your Medicare Supplement Plan Anytime?

Yes, you can apply to change your Medicare Supplement plan at any time of the year in Iowa. There is no annual enrollment period like there is for Medicare Advantage or Part D plans. However, whether you can switch without medical underwriting depends on your situation.

When Can You Switch Without Medical Underwriting?

Medical underwriting is the process where an insurance company reviews your health history to decide if they will accept your application and at what premium rate. In some cases, you can change plans without underwriting:

1. Medicare Supplement Open Enrollment Period

If you are in your Medigap Open Enrollment Period, which lasts for six months after you first enroll in Medicare Part B at age 65 or older, you can switch to any Medicare Supplement plan without answering health questions or being denied coverage.

2. Guaranteed Issue Rights

In certain situations, you have guaranteed issue rights, meaning you can switch plans without medical underwriting. These include:

• You lose coverage through no fault of your own (e.g., your insurance company goes out of business).

• You are leaving a Medicare Advantage plan within the first 12 months of enrolling in it for the first time.

• You move out of your Medicare Advantage plan’s service area and want to return to Original Medicare with a Medigap plan.

What If You Don’t Qualify for Guaranteed Issue Rights?

If you are outside of your open enrollment period and do not qualify for guaranteed issue rights, you can still apply for a new Medicare Supplement plan at any time. However, you may be subject to medical underwriting, and the insurance company could deny coverage or charge a higher premium based on your health.

Why Consider Changing Your Medicare Supplement Plan?

There are a few key reasons why you might want to change your Medigap plan:

• Lower Premiums – Rates can vary between insurance companies for the same plan.

• Better Coverage – You may find another plan that offers better benefits for your needs.

• Company Stability – Some insurers have better reputations for rate stability and customer service.

How to Change Your Medicare Supplement Plan in Iowa

1. Compare Plans & Rates – Work with a licensed insurance agent to find the best options available in Iowa.

2. Apply for the New Plan – If underwriting is required, be prepared to answer health-related questions.

3. Wait for Approval – Do not cancel your current plan until you are approved for the new one.

   Need Help Switching Plans?

   At Pierce Insurance, we specialize in helping Iowa residents find the right Medicare Supplement coverage. If you’re considering switching plans, contact us at 515-257-6663 or visit MedicareAnkeny.com for a free consultation.

   Final Thoughts

   While you can change your Medicare Supplement plan in Iowa at any time, understanding the rules around underwriting, guaranteed issue rights, and cost differences is essential. Working with an experienced agent can ensure a smooth transition to a plan that best fits your needs and budget.