FREE NEWSLETTER
Not that this is a great surprise but a sad state affairs for those who are enticed by the “low” premiums with added benefits but feel eventually trapped by MA when they need it the most. For the folks in NY (in this article) who are lucky enough to be able to switch from MA to Original Medicare. I can’t imagine for those in states where they can’t switch and are truly trapped.
We are waiting to hear how the insurance companies and state insurance regulators interpret the Section 1557 of the Inflation Reduction Act legislation that goes in to effect in 2025 that could put the kabash on medicare supplement underwriting all together.This would be good for some people but it will make it more expensive for most.
I was able to read the article. I noticed most of the examples given were in states where people can switch plans more easily. Many states people who want to go back to traditional Medicare from a MA plan have to undergo underwriting for the gap part . And guessing the sickest would not be able to pass. Chris
You are referring to Medigap supplemental policies not Medicare. States don’t regulate Medicare.
I believe there are only four states where you can switch without underwriting. My state is not one of them, and I fail underwriting because of rheumatoid arthritis.