Part B Coming Off Group

[G.Gordon]

That's not what's listed in the Medicare and You 2010 guide. If I'm wrong then I stand corrected.

Sometimes you have to understand who wrote the book.


This is from the Show Me Senior Shopper; a guide the state of MO puts out to help seniors in the medicare supplement purchasing.

"If you change to a plan with lesser benefits, such as Plan F to Plan C, you may not be subject to underwriting."

Now... that just ain't the way the law reads, nor is it the way most insurance companies are going to allow anniversary GI plans to be issued. Not saying that "some" companies will allow a person to do so, but that is not the word of the law. Now by them putting it in an official government publication it could cause some agents and/or companies hard times if someone knew about that paragraph and tried to force the issue.

The law in an earlier paragraph specifically states Like Plan to Like Plan... F to F for example.

 

[cadylou]

It would also cause massive problems if they stuck to the "when you retire part" vs. "when you roll off of the group" as I'm encountering a lot of companies forcing their medicare eligible retirees off of their existing group plans long after retirement - Ford, some GM employees, American Airlines, Embarq, just to name a few here in MO . . . .

 

[SeniorInsuranceGuy]

It has to do with when his group coverage ends. That starts the clock ticking as to when he can get his Part B and create the SEP. I just went through this with a 72 year old who lost group plan at his work and applied for his Part B. We provided the letter from his company stating he lost his "creditable coverage" and he was in, guaranteed issue. Also got his Part D. He is still working there so it does not have to do with when one retires.