Changing Your Medicare Supplement Plan: A Comprehensive Guide

Why Change Your Medicare Supplement Plan?

The most common reason people switch Medicare Supplement Plans is price. If you have a Supplement Plan, you’re likely aware that premiums increase over time. In 2025, we’ve seen significant price hikes due to inflation and other factors. Shopping for a new plan is a great way to save money while keeping the same coverage.

Standardized Coverage: Medicare Supplement Plans, also known as Medigap plans, are standardized. This means a Plan G from one company offers the same benefits as a Plan G from another company. The only difference? The price.

Another reason to switch plans could be to adjust your coverage. For instance:

• If you have Plan N and dislike the co-pays, you might upgrade to Plan G.
• If you have Plan G but want to save more money, switching to Plan N could be a smart move.

When Can You Change Plans?

Many people think you can only change during the Annual Enrollment Period (AEP). That’s a common misconception! You can switch from one Medicare Supplement Plan to another anytime if you have an existing Medicare Supplement Plan. However, you may need to pass health underwriting unless you’re in a state with special rules.

Here are some state-specific guidelines:

• Birthday Rule States (e.g., California, Oregon, Nevada): You can change plans around your birthday without health underwriting.
• No Underwriting States (e.g., New York, Connecticut): You can change plans anytime without answering health questions.
• Flexible States (e.g., Washington): You can switch Supplement Plans at any time without health underwriting.

Understanding Medicare Supplement Underwriting

When switching plans, most people must go through health underwriting. This process involves answering basic health questions and allowing a review of your medication history.

Here’s what it typically entails:

• No physical exams or blood tests.
• Yes/no questions about your health.

Common Reasons for Declines:

• Upcoming tests or surgeries.
• Ongoing physical therapy.
• Diabetes with complications (e.g., neuropathy or heart issues).
• Recent history of cancer, heart attack, or stroke (within 2-3 years).

If you’re unsure whether you’ll qualify, we can help! Call us at 800-208-4974 to discuss your options.

How to Make the Switch

Switching plans is simpler than you might think. Follow these steps:

1. Choose a Plan and Carrier:
   • Decide if you want to keep your current coverage level or adjust it.
   • Shop around for a carrier with a competitive rate and solid reputation. Did you know there are over 20 carriers offering Medigap plans in most areas? Each charges a different premium for the same coverage.
   • We’ve made this easy for you—check out our Medicare Supplement Comparison Tool to compare plans and rates.
2. Check Eligibility for Underwriting:
   • Answer basic health questions with your agent to determine your likelihood of approval.
   • Submit your application with the new carrier. In most cases, you’ll get a decision within a few days, though this can take longer during peak enrollment seasons.
3. Cancel Your Old Plan:
   • Once approved, cancel your old policy to avoid paying for two plans simultaneously. Ensure the cancellation date aligns with the start date of your new plan.
   • Remember, most carriers offer a 30-day “free look” period. If you’re unhappy with your new plan, you can return to your old one.

Key Questions About Switching Plans

1. Does the Part B Deductible Reset When I Change Plans?
   • No, the Part B deductible does not reset when switching plans. If you’ve already met your deductible for the year, it carries over to your new plan.
2. Can I Save Money by Switching Plans?
   • Absolutely! For example, in San Diego, California, premiums for Plan G can vary significantly. One carrier might charge $150 per month, while another charges $110 for the same coverage. By shopping around, you could save hundreds annually.

Why Work With Bluewave Insurance?

At Bluewave Insurance, we specialize in helping clients find the best Medicare Supplement Plans for their needs. Whether you’re looking to save money or adjust your coverage, our team is here to guide you. We’ve been in the business for over 10 years and know the ins and outs of Medicare Supplement underwriting.

Want to learn more? Visit our Medicare Resources page for additional information.

Final Thoughts

Changing your Medicare Supplement Plan doesn’t have to be complicated. By understanding your options, knowing when you can switch, and working with a trusted agency like Bluewave Insurance, you can make an informed decision and potentially save a lot of money.

If you have questions or want to shop for new plans, give us a call at 800-208-4974. We’re happy to help you find the right plan for your needs.

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