6 March Keeping Your Medicare Supplement Policy In Force March 6, 2017 By Editor Medicare Supplement medicare, medicare supplement, medigap, seniors 0 Do I have to notify Manhattan annually that I would like the policy to remain in force? No, once your application is approved and you are issued a policy it is guaranteed renewable for your entire life, contingent upon the timely payment of premiums. What if my premium payment is late? A grace period of thirty-one days is granted for the payment of each premium payment. During the grace period the policy remains in force. What if my policy lapses due to non-payment of premiums? A policy may be reinstated if the grace period expires without receipt of payment, however in order to be reinstated the insured will have to fill out a reinstatement application and go through the underwriting process. This could potentially involve a phone interview, list of current and past prescriptions, and in rare cases medical records from your physician. Visit ManhattanLife's Medicare Supplement for plan information. Related Posts Unpacking Medicare Supplement: Part 4 Medigap Maggie's learning journey reaches its end and epilogue. Here, further details and potential scenarios are given, and questions are answered. Posture Check and Stretch Break Whether you sit or stand all day, checking in on your posture and adding in stretches to your day can help your overall well-being. Medicare Supplement Plans and You - Know Your Options If you return to Original Medicare during the Annual Election Period (October 15th – December 7th), you could be eligible for a Medicare Supplement plan. Know your options. Unpacking Medicare Supplement: Part 2 Maggie continues her quest to learn more about healthcare at age 65 and beyond. In Part 2 of our blog series, she discovers the myriad of details that make up this supplemental insurance. What are the Advantages of choosing a Medigap policy over a Medicare Advantage policy? If you are already enrolled in Medicare Part A and Part B you will have a choice between a Medicare Supplement (aka Medigap) plan or a Medicare Advantage plan. Unpacking Medicare Supplement: Part 3 After much studying and contemplation, Maggie takes the necessary steps to acquire a Medicare Supplement policy. Comments are closed.