Slash Medigap Plan Rates With Genius Savings Hack

Taking Advantage of Discounts

Insurers often provide various discounts that can substantially lower your Medigap premiums. For instance, some companies offer household discounts if more than one person in your household enrolls in a plan. Others may provide discounts for paying annually instead of monthly, or for using electronic funds transfer³. By exploring these options, you can maximize your savings and reduce your overall healthcare costs.

Timing Your Enrollment

Another crucial factor in saving on Medigap plans is timing your enrollment. The best time to purchase a Medigap policy is during your Medigap Open Enrollment Period, which begins the month you turn 65 and are enrolled in Part B. During this period, you have a guaranteed issue right, meaning insurers cannot deny you coverage or charge you more due to pre-existing conditions. Missing this window could result in higher premiums or limited coverage options⁴.