Are you moving and want to know how that's going to impact your Medicare? Well we have answers for you in today's video.
MedigapSeminar.org An Independent Medicare Insurance Broker.
Hi, I am Matthew Claassen with MedigapSeminars.org Now before we get into today's video one moving with Medicare
I want to be sure you know that whether you're new to Medicare and researching your options,
or you've had Medicare for a while and you just have questions,
the MedigapSeminars.org website is where you can find the answer is one of the news of put together a whole series of videos
to help educate on Medicare from A to Z. Everything from how to enroll in Medicare to
what the different Medicare plans are and how to work with them,
to how to find the right Medicare plan for your needs and your budget. If you have a specific question that you are researching you can use
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Send that in to us and we will e-mail you a personalized Medicare supplement price comparison for your zip code.
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So visit MedigapSeminars.org. Our mission is to help you make an informed decision about your Medicare.
So you have Medicare and you're moving to a new location. What do you need to do to make sure that your coverage is seamless
and that it doesn't impact your Health Care?
That will depend on which type of Medicare plan you have. If you have the Medicare supplement you don't need to do anything.
Medicare supplements are good all across the country the good with any doctor, any hospital or medical facility
that accepts Medicare. This is why a lot of snowbirds prefer Medicare supplement plans to the
alternatives like a Medicare Advantage. Because the Medicare supplement is good with any doctor.
Different states have different price structures for their Medicare supplement plans. Although you don't need to do anything
it is probably in your best interest to re-shop your plan.
Here's the thing; some of the states have very expensive Medicare supplements, some states have very inexpensive Medicare supplements.
If you move to a state where the Medicare supplements are generally lower in cost,
you want shop to re-shop your plan and if you can, get a lower cost for your plan.
If you move to a state that has higher costs...
and the company that you are with also works in that state, they have the right to raise your Medicare supplement premium
to the premium in the new state.
But in addition, just because the company that your with in your first state tis competitive.. Say you shopped hard and you got the best
price plan for where you live, and now you're moving.
Well the company that has best price plan for where you live may not be the most competitive price where you're moving to.
If they can raise the rate you may find it very easy to
save money by re-shopping. So with the Medicare supplement plan you don't need to do anything. If you like your plan just keep it.
You don't have to do anything. But it's in your best interest to a shop, and it's really simple to do that.
Just send a quote request an independent broker
They will tell you what the prices are. You take a look and see if it's in your best interest to consider changing plans
If you have a Part D prescription drug plan or a Medicare Advantage plan, one of the HMOs are PPOs
You are going to be required to take action to make sure that you maintain consistent coverage.
Those plans, the Medicare Part D and the Medicare Advantage plan are local coverage.
They are meant to be typically within your county, within your local specific area.
Those plans do not travel with you.
When you move outside of the service area of that plan you create a special enrollment.
A Special Enrollment gives you the right to replace that plan.
If its Medicare Part D plan you can get a different Medicare Part D plan. With a Medicare Advantage plan you've got a couple
rights we are going to get to in a minute. Let's say you have a Medicare Part D plan and your moving.
What do you do? Well, you call up the plan, usually about 30 days before you're going to move
and you tell them where your new address is gonna be.
What you want them to do is to generate what we call a disenrollment letter. it is simply a letter that says
Mr. Mrs. Jones you're moving out of our service area and we will no longer be able to service your plan.
That disenrollment letter is your golden ticket. That's what you need in order to trigger the special
enrollment and be able to shop for and get a new plan for the zip code that you're moving to.
You can do this before you move or when you move. You re-shop your plan
Get on Medicare.gov for your prescription drug plan. Put in your prescriptions
and the zip code where you're moving to. Find which plan is best for you in that zip code. Don't assume that just because the plan you
have in one state is gonna be the best plan for you in another state. It might be, but don't make that assumption because sometimes
it' not. Take a look. If that plan is what you want you get to re-shop the plan
The new company may ask for a copy of the disenrollment letter. That's why it's good to have one handy. The bottom line
this is a Special Enrollment where you can change plans and you'll need to change plans as you move.
your time frame for doing that; you have 60 days before you move and 63 days after you move. What you do not want to do is have a
gap in coverage of more than 63 days. That will trigger some problems. Make sure your coverage is seamless. Plan ahead of time
Everything is pretty much the same with a Medicare Advantage plan ( HMO or PPO).
With a little bit of a difference....
You have to be even be more careful when you shop because Medicare Advantage plans can be very different from state to state.
You have to be really careful if you decide when you move you want to keep the Medicare Advantage plan. Get on to the Medicare
website or call an independent agent that is local to that area and will service the Medicare Advantage plans in that area.
and re-shop your plan.
Again, you do not want to go for more than 63 days without coverage. You want to plan ahead, call the company, get the disenrollment
letter and get the new plan set-up so that it starts the day after your old plan ends.
However, you have something else you could do if it interest you. A lot of people want to move out of the Medicare Advantage plan but
they may find because of their health they can not get a Medicare supplement.
When you move you create a Special Enrollment Period
That allows you to get certain Medicare supplement plans. Not any plan that you want. Before 2020 we have Plan F,...
plan F- HD, plan A, plan C, plan B and plan K.
The A, B and K most people don't even look at. But you have Plan F
it's very common. Plan F-HD that you can get without medical underwriting. It's a guarantee issue plan / enrollment period.
I am doing this this video 2017. When 2020 comes along we may or may not be able to have guarantee issue into Plan F or Plan C.
Probably not. It depends on certain things.
The bottom line is if you're watching this video on or after 2020, you might not be able to get the plan F or C and instead...
you can get a Plan G or a Plan G-HD.
The bottom line is if you haven't Medicare Part D prescription drug coverage or Medicare Advantage plan...
you do need to take action to make sure the you trigger special enrollment period
and get a plan for the new location where you're moving to.
Or, if you wish, from a Medicare Advantage you have one of the special opportunities to get a guarantee issue into Medicare supplements.
With Medicare supplement plan you don't need to do anything. You don't have a special election period.
You don't have any special privileges because you don't need to do anything.
But, it is a good reason and certainly in your best interest to re-shop your plan.
Of course, if you'd like details and prices contact us. Give us a call or contact us through our MedigapSeminars.org website.
We work with seniors from coast-to-coast; literally from California to Virginia and Michigan to Miami.
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I am Matthew Claassen with MedigapSeminars.org. Thank you for watching.