Say it ain’t so . . . GREAT NEWS for California Medicare beneficiaries who own Medigap (Medicare Supplement) plans.
This could save you 10-15% on your monthly premiums without changing your current benefits. It is called the “Birthday Rule” and this is how this works:
Q: What is the “Birthday Rule” and how does it apply to the new Medigap Plans?
A: If you already have Medigap insurance, you have 30 days of “open enrollment” following your birthday each year when you can buy a new Medigap policy without a medical screening or a new waiting period. The new policy must have the same or lesser benefits as your old policy. To avoid confusion, the new law specifies which of the new Plans are equal to the old Plans.
Many companies offer Medigap plans. Just by reviewing the same plan with alternative companies could lower your premium without changing your benefits.
Here is an example:
Mrs K owns a Medigap plan F and lives in Nevada County. Her current plan with Insurance company A just had a rate increase and her birthday is coming up next month. Her plan F premiums went from $207 per month to $220 per month.
We moved her to the exact same plan, same benefits, with a nationally known Insurance company B with a premium of $168 month. FOR THE SAME PLAN. That’s over $600 a year savings.
For Benefits and Premiums In Your Area . . .
Call us now. 916-990-0136
Medicare FAQ’s:
Medicare Supplement Insurance Medigap “Birthday Rule” . . Insurance.CA.Gov
Does Medicare cover Long-Term-Care?
How does Medicare work when you travel outside of the United States?
Does Medicare cover Shingle Shots?
Important information about how Medicare covers Cataract Surgeries.
