Moving to another state can be a life-altering event. No matter the reason, it can be a challenging step for everyone involved, especially for older adults. If you’re a senior worried about your insurance coverage more than anything else, you’ve come to the right place.

Are you looking for some information about what happens to your Medigap policy when you relocate? This Medicare Supplement agency in Crown Point, Indiana is going to review the specifics below.

Medigap Portability

One of the biggest advantages of Medigap plans is their portability.

In most cases, you can take your Medigap policy to whichever state you’re moving to. Since Medigap does not have its own network of doctors but uses Medicare’s national network, your plan will work in the new state.

Unlike other health plans, Medigap is designed to move with you. If you have a Medigap policy issued by a Medicare supplement agency in Crown Point, Indiana, you can generally retain it when relocating to another state. As long as you remain enrolled in Medicare Part A and Part B, you have a continuous coverage with Medigap as well.

However, you must notify your insurance provider about your move so that they can keep your plan active and updated.

Impact on Premiums and Coverage

Yes, your Medigap is portable. However, your premiums are subject to change depending on your new location. This rate change is up to your current insurance provider. Some agencies allow you to proceed with your old rate, while others offer a new price according to the city you move to.

Premiums are generally affected by local healthcare costs. Some Medigap agencies also offer combo pricing, i.e., averaging out the pricing from both states. So, relocating to a new state can lead to an adjustment in your insurance policy’s final premium, affecting your budget.

When the time comes, speak to your agent thoroughly about the final billing of your plan.

Things to Do Before Moving

There are a few things to keep in mind before relocating. As a senior you must take note of these to enjoy a smooth transition with the Medigap plan.

First, you should inform your existing Medicare supplement agency in Crown Point, Indiana about your decision to move. This will help initiate the conversation concerning the dos and don’ts of your coverage when relocating.

Review the different plan options in the state you’re moving to. Sometimes, you can get a better deal than retaining your existing policy. While most standardized plans are identical in different states, some might not be available in the new location. So, it’s always better to review your options to see if there are better choices.

And the most important step is to ensure that the new location has your preferred healthcare providers. This is particularly important if you prefer specific doctors or hospitals and wish to continue receiving care from your trusted providers.

Steps To Take After Relocating

Now that you have taken care of all the above important tasks and moved to the new location, it is time to finalize the transition of your Medigap plan.

Make sure your Medicare supplement agency has the new mailing address to avoid any disruption in billing and further communication.

Confirm with your agent that your plan details are valid after moving to the new location. Check for any new changes in coverage or premium cost to avoid uncertainties.

Finally, seek local assistant as someone near you can continue to provide the support and guidance you might need regarding your plan and in case of emergencies.

Looking for a Medicare Supplement Agency in Crown Point, Indiana?

Are you getting ready to relocate to a new state? If so, and if you would like help navigating the terms and conditions of your Medicare Supplement policy, Senior Care Insurance Services is here to help. As the top-rated Medicare Supplement agency in Crown Point, Indiana, we can review the specifics of your policy and go over all your options. Contact us today to schedule a free consultation.