This is a public post answering the question, “When is the best time to start my new Medicare Supplement plan.”
See the video:
This answers the question as to the best effective date for a new Medigap plan.
NOTE: For those on Medicare Disability, and turning 65, the effective date of their >65 Medicare Supplement has to be ON THEIR exact birthday… NOT on the first of their birthday month.
Why? Because since they're already on <65 Medicare, due to disability, THEIR Open Enrollment period starts actually on their birthday. So, you can write Plan G, etc. because of Open Enrollment, but it cannot start before their actual birthday.
They do get another Initial Election Period (IEP), also known as Open Enrollment – any plan from any carrier (and full comp for you) when they get a Medicare Supplement due to being 65.
Read this great article on Medicare due to Disability and what states have what protections in place.
As to when Medicare, itself, starts:
When will my Medicare coverage start?
|If you sign up for Part A (if you have to buy it) and/or Part B in this month:||Your coverage starts:|
|The month you turn 65||1 month after you sign up|
|1 month after you turn 65||2 months after you sign up|
|2 months after you turn 65||3 months after you sign up|
|3 months after you turn 65||3 months after you sign up|
|During the January 1–March 31 General Enrollment Period||July 1|
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