MA plans in several areas are being shut down for 2027. The choices seniors have is declining as insurance companies realize the profits are not there.
If your Medicare Advantage plan closes or terminates its contract, you get federal guaranteed-issue rights to buy a Medigap policy without health screening or denial for pre-existing conditions.
You must apply within a strict 63-day window starting from the date your plan coverage ends. Keep Your Notice: You will need the formal termination or non-renewal notice from your Part C plan as proof when submitting your Medigap application so the insurer knows not to put you through medical underwriting.
However, it is likely Medigap may cost more in premiums, but you will gain freer access to care and still little or no out-of-pocket cost is possible. You could be charged age-based premiums.
There are a lot of splashy daytime television ads for Medicare Advantage plans. You never see one for Medigap plans. It’s sort of the same reason why you’ll see a lot of marketing for fast food restaurants, but never for the Cauliflower-Broccoli Board. . . .
MedigapSeminars is the site that I check to see what is the landscape each year. It helped me choose a plan with them when I retired and I have had to switch to another Medigap G plan last year based on their recommendation.
Lots of information on the site to educate oneself.
Those ads seem to be the equivalent of the soap opera drivel during which they are shown.
Some good reasons in this chain to consider dropping my company’s retiree Medicare Advantage sponsored plan (Employer PPO). But I can’t find one. Figures