Moving & Medicare

your insurance options

As is with most things related to Medicare address change, there are exceptions to the below rules. To ensure you are taking full advantage of all possible options, be sure to speak with a licensed advisor prior to making any changes to your insurance setup. There may be some changes in Medicare.

Here are two common situations during a change of address for Medicare and the associated general guidelines to follow:

If you have Medicare and a Medicare Supplement plan and are moving to a new address:

  • You can still maintain your current plan so long as you keep Original Medicare (Part A + Part B).
  • Should you choose to switch to another supplement plan, you will proceed with a normal application and answer health questions.
  • Oftentimes, prices in the new location will be different (higher or lower), so we recommend shopping around your plan to make sure you are still getting the best deal possible.
  • If you wish to switch to a Medicare Advantage program, you will have to wait until the Annual Enrollment Period starts (October 15th-December 7th).

If you have a Medicare Advantage program and are moving to a new address:

  • Regardless of if you are moving out of your plan’s service area or not, you can switch to a new Medicare Advantage program.
  • If you notify your insurance carrier before you move, your period to switch starts the month before the move and continues for two months beyond the move.
  • If you wait until after you move to tell your carrier, your switching period begins in the month you notify them and extends for two more months.

Moving & Medicare Supplement plans

 

Sources:
http://www.medicare.gov/supplement-other-insurance/when-can-i-buy-medigap/switching-plans/switch-medigap-.html#collapse-2297

http://www.medicare.gov/sign-up-change-plans/when-can-i-join-a-health-or-drug-plan/special-circumstances/join-plan-special-circumstances.html#collapse-3193

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