Medicare Supplement plans are guaranteed renewable — the insurance company cannot cancel your policy as long as you pay your premiums. The company can raise premiums for an entire class of policyholders but cannot cancel your individual policy.
Key Points
- Medicare Supplement is guaranteed renewable
- Company cannot cancel your policy as long as you pay premiums
- Company can raise premiums for an entire class of policyholders
- Cannot cancel your individual policy
- An independent agent can help you understand your rights as a Medigap policyholder