Underwriting is the process assessing risk of issuing insurance. Undewriters evaluate applications,
Missouri has a special rule that allows its residents to save money on their Medigap premiums. If you have a Medicare Supplement plan in Missouri, you may be able to get a lower rate by using the Anniversary Rule. This rule allows you to keep the same coverage and pay less by switching to a new carrier.
Typically carriers will ask medical questions to their applicants to decide if they will accept them. Unfortunately, because of this, seniors with health issues may be declined. By using the Anniversary Rule, you will automatically be approved if your application is submitted correctly. This is an advantage for seniors in Missouri because carriers tend to raise their rates every year. If you have never shopped your rates before, you may be surprised to see how much money you can save.
Understanding rates and submitting applications can be confusing for many people. GoMedigap agents are here to help you understand your options and to get you a better rate for the coverage you like. We strongly recommend that you reach out to us if you are considering using the Anniversary Rule, or to learn more about your options. We can be reached by phone at
(866)894-3258. If you would like to look at your rates online, our free quote tool will get you started.
View Medigap Quotes in Missouri Now
We work with over 30 insurance companies nationwide
The Anniversary Rule is an example of a guaranteed issue right. For more information on these rights, read our blog Guaranteed Issue Rights for Medicare Supplements.
Before starting Medicare, make sure that you read 5 Things You Have to Know About Medicare Before Enrolling. Our article will help you understand the basics of Medicare and the steps that you need to take to ensure that you have the proper coverage.