How often can Medicare beneficiaries change their Medicare Supplement plans?

Medicare beneficiaries can change their Medicare Supplement plans whenever they have a valid reason or during the Open Enrollment Period. This flexibility is important because it allows individuals to reassess their needs and adjust their plans accordingly without facing penalties or being turned away based on health status.

During the Open Enrollment Period, which lasts for six months starting from the date an individual is both 65 years old and enrolled in Medicare Part B, they can apply for a Medigap policy without undergoing medical underwriting. This means they are more likely to get coverage even if they have pre-existing conditions.

Additionally, outside of this specific period, beneficiaries can still change their plans if they have valid reasons, such as moving out of a service area, changes in their health status, or if the insurance company changes its policies. This overall approach ensures that Medicare beneficiaries have the opportunity to find coverage that best fits their current health and financial situations, making option B the most accurate choice.