Which statement is true about Medicare Supplement Open Enrollment?

A. It is the six-month period that starts the month the consumer is 65 or older and is enrolled in Medicare Part B.
B. It is the only time a consumer is eligible to purchase a Medicare Supplement Insurance Plan.
C. It runs annually from October 15 through December 7.

Question

04-08-2024
Health

Answered

Which statement is true about Medicare Supplement Open Enrollment?

A. It is the six-month period that starts the month the consumer is 65 or older and is enrolled in Medicare Part B.
B. It is the only time a consumer is eligible to purchase a Medicare Supplement Insurance Plan.
C. It runs annually from October 15 through December 7.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-08-04T10:32:50-04:00

Final answer:

Medicare Supplement Open Enrollment is a crucial period for obtaining coverage without medical underwriting, lasting six months starting at age 65 and enrollment in Medicare Part B.

Explanation:

Medicare Supplement Open Enrollment refers to the six-month period starting the month a consumer is 65 or older and is enrolled in Medicare Part B. During this time, they have guaranteed issue rights, meaning insurance companies cannot deny coverage or charge higher premiums based on health status. It is not the only time a consumer can purchase a Medicare Supplement Plan; however, it's a crucial period for securing coverage without undergoing medical underwriting.

Learn more about Medicare Supplement Open Enrollment here:

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