The Best Time to Buy a Medicare Supplement Policy?
The short answer—when you’re first eligible. There are exceptions, however. Get the details below.
There’s a window of time when you’re first eligible for Medicare called open enrollment. During that period, even if you have health problems you can get a Medicare supplement insurance policy for the same price as someone who’s healthy.
Your open enrollment is a six-month period that begins:
- On the first day of the month you turn 65, and
- You are enrolled in Medicare Part B
After Open Enrollment
It’s important to purchase a supplement when you’re first eligible. If you wait, your health history will determine:
- Whether you are eligible for a supplemental policy
- The cost for the policy
If you have a pre-existing medical condition, there’s no guarantee you’ll be eligible for a policy, and the costs could be significantly more.
Still Working at 65?
If you want to wait to enroll in Medicare, visit with your human resources department or call a BCBSNE representative at 888-926-5401. He or she will explain the implications of your decision and help you manage a delayed enrollment in order to avoid penalties.
844-671-2055 (TTY 711)
Request your Medicare Options Guide
Understanding all the coverage options available may feel confusing. Download information from Blue Cross and Blue Shield of Nebraska about Medicare options, important dates to remember and more.