If you have a Medicare benefits plan and want to switch back to the supplement plan without undergoing medical underwriting, Blue Shield is underwriting vacation from now until November 30, 2022. Why is this the perfect time to switch? Because vacation insurance overlaps with your AEP (Medicare Annual Enrollment Period), you’ll be able to get a stand-alone Part D drug plan to align with your supplement plan (since supplement plans don’t include drug coverage). From October 15 to December 7, you can sign up for the drug plan on January 1, 2023.
People change plans for a number of reasons, but the main reason is to have more choices with their health care. Medicare supplement plans have no networks and no referral restrictions. You just have to go to the doctors who accept Medicare. Once you have been on a Medicare benefits plan for more than a year, you must fill out an application for a supplement plan and answer medical questions if you want to go back to your original Medicare and get a medigap plan. You may be denied participation in the plan due to pre-existing medical conditions. During the underwriting holiday, you won’t have to answer health-related questions, and you’ll be guaranteed.
Plans offered during the insurance holiday are common G plans (comparable to Plan F which is no longer available to those who qualify for Medicare after January 2020). Plan G covers Medicare Part A coinsurance, Part A deductible, Part B coinsurance (but not Part B deductible), Part B excess fees, and emergency coverage for overseas travel (up to plan limits). Plan G Extra and Inspire have additional benefits such as hearing and vision.