While there is no requirement that you take advantage of the SEP, it could be a good opportunity to get into a plan that is more aligned with your long-term interests.
The specifics: What you can do during the 2021 Colorado Medigap Special Enrollment Period
The SEP does have some eligibility restrictions. Specifically, it only allows people who are enrolled in Plan F to switch to Plan G, or Plan C policy holders to switch to Plan D. The SEP is also limited to individuals who were already enrolled in Medicare before Jan. 1, 2020.
If you’re enrolled in a Medigap policy that isn’t Plan C, Plan F, or high deductible Plan F, then the SEP doesn’t apply to you.
Does the “Free Look Period” still apply?
According to Colorado Medicare rules, you have 30 days after signing up for a Medigap policy to decide if you want to keep it. This is called the “Free Look Period”, which is an effective way to shop for new coverage.
But know this: If you’re using the Free Look Period to explore a new Medigap policy, don’t cancel your first Medigap policy until you know you want to keep the new one.
Frequently Asked Questions
Q: When does the Special Enrollment Period in Colorado for Medigap participants currently enrolled in Plan C or Plan F end?
Q: What can a Plan C or Plan F policy holder do during the special enrollment period?
Q: Why would I want to switch from Plan C to Plan D, or Plan F to Plan G?
Q: What if I miss this open enrollment period?
MediGap Advisors is your resource for Medicare, Medicare Advantage, MediGap, and the Special Enrollment Period
If you have questions about how the Colorado Medigap Special Enrollment Period might apply to you, give us a call. Our Personal Benefits Managers have the up-to-date, comprehensive tools and information to make sure that you’re getting into the plan that you need.
Want to learn more about how to navigate the labyrinth of Medicare? Subscribe to the MediGap Advisors Blog for the latest tips, tricks, and advice.
Here are some additional articles on Medicare Supplement plans: When to Sign Up for a Medicare Supplement or Medicare Advantage Plan | What’s the Difference Between an MSA and a Medicare MSA Plan?
Wiley Long is founder and president of Medigap Advisors, and is passionate about helping people navigate the confusing waters of Medicare. He is the author of The Medicare Playbook: Designing Your Successful Health Coverage Strategy, a clear and simple explanation so you can make the most of your Medicare coverage.