enad wrote: ↑Thu Oct 06, 2022 7:17 pm
skp wrote: ↑Thu Oct 06, 2022 7:02 pm
If you have money, why wouldn't you go with an advantage plan assuming that the plan has a good network?
It you move will you be able to keep your advantage plan? and if you have to go back to original medicare, could a plan G or N cost you more than if you enrolled at 65?
If you have Medicare Advantage you would probably have to switch plans.
If you are going back to Original Medicare, whether the Medigap plan would cost more than for someone who enrolled at age 65 would depend on the pricing method used by the Medigap insurer:
Community pricing - since everyone pays the same premium regardless of age, it wouldn’t matter.
Attained age - if you were say 70 now, it wouldn’t matter if you joined at age 65 or at age 70, all 70 year olds would pay the same premium.
Issue age - as premium price is determined based on the age you obtain the policy, in this case whether you obtained the policy at age 65 or at a later age would make a difference.
By the way, if you move and lose your Medicare Advantage plan and switch back to Original Medicare, you would have Guaranteed Issue Rights for Plan G (and G-HD) without underwriting, but
not for Plan N.
You would also have Guaranteed Issue Rights without underwriting for Plan F (and F-HD), if you were eligible for Medicare prior to January 1, 2020.