 Guaranteed Issue Rights
When you have a guaranteed issue right, an insurance company:
- Cannot deny Medigap insurance coverage or place conditions on the policy
- Must cover all preexisting conditions
- Cannot charge more for coverage because of past or present health problems
Plan Options
Generally, a guaranteed issue right does not entitle you to select from
all the available Medigap plans. In most cases, you may select from only
a certain group of plans.
Time Limit
In order to protect your guaranteed issue right, you must apply for a
Medigap policy within a specified period of time, which is usually shorter
than the 6-month Medigap Open Enrollment Period.
Let's take a closer look at each of the situations in which a guaranteed
issue right would apply. |
