What if you pick a Medicare Supplement (Medigap) plan and then realize it is not actually what you need? Well, there is something called a “free look” period that does give you protection in these scenarios. This period lasts for 30 days and allows you to try a new Medigap plan while keeping your old one active.

Below, this Medicare Supplement agency in Westville, Indiana is going to explain how the free look period works, and how seniors can use it to their advantage.

You can keep both your new and old Medigap policies active for 30 days before deciding which one to keep.

The free look period is a 30-day trial for your new Medigap plan. During this time, you don’t have to fully commit to the new plan because you still have your current policy as a backup. This means there is no gap in your coverage during the transition.

When you sign up for a new Medigap policy, the free look period starts as soon as you receive your policy documents. From that moment, you have 30 days to compare your new plan with your old one based on factors like costs, coverage, and any differences in benefits. This is your chance to really figure out if changing your Medigap plan is the right move.

If, after comparing everything, you decide that your new plan is not good enough for you, you can simply cancel it before the 30 days are up and stay with your original plan. There is no penalty for doing this, but you do need to make sure you follow the proper steps to cancel. An experienced Medicare Supplement agency in Westville, Indiana can help you with this process.

How to make the most of your 30-day free look period?

If you are going to use the free look period, you will want to be smart about it. These are the most important steps to make sure you get the most out of this 30-day period:

Apply for the new policy first: You should never cancel your old Medigap policy unless you are already approved for a new one and have officially received your new policy documents.

Review the new policy carefully: Once you get your new policy, compare it to your old plan. Compare the monthly premiums, out-of-pocket costs, coverage for hospital visits, and any extra benefits that are important to you. A Medicare Supplement agency in Westville, Indiana can help you go over all the details.

Keep both policies active for 30 days: Continue paying premiums on both policies during your free look period. It will cost you more, but it is a small price to pay to make sure you have no gaps in coverage. If you decide your new policy is not for you, you will be grateful that you did not cancel your old one too soon.

Make your final decision before time runs out: Use the full 30 days to weigh your options. If the new policy works better, cancel the old one. But if you prefer to stay with your original Medigap plan, cancel the new one instead.

The free look period protects you by allowing you to change your mind before fully committing to a new plan.

The free look period is designed to keep you from making an irreversible decision. Instead of canceling your old policy immediately, you get time to try out the new one first. This is especially useful if your health needs have changed, if your current plan has become too expensive, or if you simply want better coverage for your future.

By working with a professional Medicare Supplement agency in Westville, Indiana, you can make sure you are using your free look period wisely. They can guide you through the process so that switching policies (or keeping your current one) is as easy as possible.

Looking for a Medicare Supplement Agency in Westville, Indiana?

Are you looking for an experienced Medicare Supplement agency in Westville, Indiana that can help you find the right health coverage for your situation? If so, look no further than our agents at Senior Care Insurance Services. We are here to help you understand your free look period options and find the best coverage for your healthcare needs. Contact us today to schedule an appointment with our agents.