I see no benefit to delaying the Medigap signup. As has been stated, if one has traditional Medicare and no Medigap insurance, then they are on the hook for the 20% deductable that Medicare does not pay.
I don't expect big cost changes in Medigap policies for 2025.
I do expect bigger changes in cost for Medicare Advantage (Part C), which is going through cost readjustmentsz: https://www.medicarerights.org/medicare ... se-in-2025
CVS: https://www.statnews.com/2024/05/14/cvs ... -benefits/
One should not run out the 6 month clock, since late signup could limit eligibility: https://www.medicare.gov/health-drug-pl ... gap/basics
"You get a 6 month “Medigap Open Enrollment” period, which starts the first month you have Medicare Part B and you’re 65 or older. During this time, you can enroll in any Medigap policy and the insurance company can’t deny you coverage due to pre-existing health problems. After this period, you may not be able to buy a Medigap policy, or it may cost more. Your Medigap Open Enrollment Period is a one-time enrollment. It doesn’t repeat every year, like the Medicare Open Enrollment Period. "
I don't expect big cost changes in Medigap policies for 2025.
I do expect bigger changes in cost for Medicare Advantage (Part C), which is going through cost readjustmentsz: https://www.medicarerights.org/medicare ... se-in-2025
CVS: https://www.statnews.com/2024/05/14/cvs ... -benefits/
One should not run out the 6 month clock, since late signup could limit eligibility: https://www.medicare.gov/health-drug-pl ... gap/basics
"You get a 6 month “Medigap Open Enrollment” period, which starts the first month you have Medicare Part B and you’re 65 or older. During this time, you can enroll in any Medigap policy and the insurance company can’t deny you coverage due to pre-existing health problems. After this period, you may not be able to buy a Medigap policy, or it may cost more. Your Medigap Open Enrollment Period is a one-time enrollment. It doesn’t repeat every year, like the Medicare Open Enrollment Period. "
Statistics: Posted by wwhan — Tue Aug 20, 2024 6:00 pm — Replies 3 — Views 342