Medicare Supplement guaranteed issue rights mean that insurance companies can’t turn you down for a Medicare Supplement, or Medigap, policy. Insurers must cover your pre-existing health conditions and cannot charge you extra because of them.
It’s important to know when you have guaranteed issue rights because if you apply for a Medigap policy and you do not have these rights, your application may go through the medical underwriting process. You may pay a higher premium or be turned down altogether because of your health. This leaves you vulnerable just when you need coverage the most.
The post What are Medicare Supplement Guaranteed Issue Rights? appeared first on MedicareFAQ.
What are Medicare Supplement Guaranteed Issue Rights? posted first on http://medicarefaq.blogspot.com
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