Guaranteed renewable refers to a health plan in which the insurer is required to renew the policy if the policy holder has been consistently paid the policy premiums.
Medigap plans are guaranteed renewable. Medicare Advantage and Medicare Part D plans are also guaranteed renewable, but benefits on those plans can change significantly from one year to the next, so although your plan will renew if you don’t make changes during open enrollment (and assuming you continue to pay your premiums), your coverage might be very different in the coming year.
More than two-thirds of the respondents in our most recent survey indicated that they don’t understand the differences between Medicare Advantage and Medigap and are overwhelmed by the available choices.
More than two-thirds of the respondents in our most recent survey indicated that they don’t understand the differences between Medicare Advantage and Medigap and are overwhelmed by the available choices.
The medicareresources.org website is owned and operated by Healthinsurance.org, LLC (HIO). Medicareresources.org contains links to third-party marketing content that may constitute a solicitation of insurance by any person on whose behalf the content is posted. HIO may receive compensation if you make a purchase from a third-party advertiser or engage with the advertiser's content. HIO and its websites, healthinsurance.org and medicareresources.org, are not connected with or endorsed by the federal Medicare program.
* By shopping with independent third-party insurance agencies, you may be contacted by a licensed insurance agent. The agent may not be connected with or endorsed by the federal Medicare program. These agents/agencies do not offer every plan available in your area. Please contact Medicare.gov or 1–800– MEDICARE to get information on all of your options.
