I am 67 and carry
I am glad to hear your prognosis is for a full recovery. More good news is your Medigap rates will not increase based on your recent diagnosis.
Once you are enrolled into a Medigap plan, the plan cannot single you out and raise your rates because you become ill. Your cancer diagnosis will not translate into a premium increase.
This is not saying that your Medigap premiums will remain "flat" over time; Medigap premiums do increase over time. This is simply a reflection of the increasing costs of health care. When the overall costs of paying health claims increases beyond a threshold of the premiums a Medigap company collects, a Medigap plan increases its premiums. This type of rate increase occurs across the board rather than singling out an individual.
Some Medigap plans have age-triggers that increase rates. For example, some Medigap plans set hallmark ages (like age 70, 75, etc.) that trigger pre-planned rate increases. These pre-determined rate increases are designed to mirror the expected increase costs of health care.
With that said, even when a Medigap plans attempts to "build-in" expected rate increases, Medigap plans could underestimate their costs. A person could have an age-attained rate increase and still be notified of an additional across-the-board rate increase.
In summary, your Medigap rates will not increase based on a cancer diagnosis. However, expect that, through the course of time, your Medigap rates will increase.
At what age is a person eligible for
Thank you for this question; this is something many people ask.
The booklet, "
Some people may be eligible for
Other people will be eligible for
and the Senior Medicare Patrol for