What must beneficiaries do to retain their Medicare Supplement Plan?

Beneficiaries must pay their premiums on time to retain their Medicare Supplement Plan. Maintaining continuous coverage is crucial in these insurance plans, and timely payment of premiums ensures there is no lapse in coverage. If beneficiaries fail to pay on time, they risk losing their benefits or facing delays in coverage reinstatement. It’s important for beneficiaries to be aware of their payment schedules and to manage their financial planning in order to maintain their Medicare Supplement insurance effectively. Other activities—like annual medical reviews or completing surveys—are not requirements for maintaining the plan and do not impact the beneficiary's ability to keep their coverage. Reapplying for the plan each year is also unnecessary as long as the premiums are paid and the policy remains in force.