Medicare Supplement Underwriting

Wednesday, February 1, 2006

Individuals applying for a Medicare Supplement that are not in an Open Enrollment period or Guaranteed Issue period usually must be underwritten for an insurance company to provide medicare supplement coverage.  What is underwriting like?

Companies differ in how they underwrite.  The primary part of underwriting on medicare supplements is the "Yes/No" part of the application.  If the applicant can answer "No" to all the questions, the insurance company will usually provide coverage.   Some insurance companies also do telephone interviews to go over the questions again and/or may ask for a list of RXs taken in the last 12 months to get additional information.   Medical records may be requested in the medicare supplement application process.