Experiencing a lot of medical issues recently? Tired of paying all of those pesky co-pays? Just when you thought it couldn’t get any worse you get a letter from your Medicare Advantage company saying they are leaving town! Oh, the humanity!! But wait! That letter could be your golden ticket!! That’s right, your Medicare Advantage plan leaving town is just what the doctor ordered.
When you lose coverage, CMS (Centers for Medicare and Medicaid) grants you something called an SEP or Special Election Period. This SEP guarantees your coverage! That’s right, you are now able to go anywhere you want to for coverage. In short, you are now able to go sign up for original Medicare and a supplement. You can choose any supplement you desire and not have to go through the underwriting process. Without the Medicare Advantage plan leaving this would not be possible. So, don’t despair; instead take advantage of the situation, and turn a bad thing into a good!