Can I Cancel a Medigap Policy?You have the right to review a new Medigap policy for the first 30 days. You can cancel it within that time for a full refund if it does not meet your needs.

After the first 30 days, you can cancel your policy at any time. However, be careful when cancelling. Depending upon where you live, you may not be able to buy another policy, or companies may charge you more because of your health.

You also have the right to a 30-day free look period if you want to switch your Medigap policy. If you decide to apply for a second Medigap, you will have to pay for both Medigap premiums during this 30-day period. Your 30-day period begins on the day you enroll in your new Medigap policy. You should not cancel your first Medigap policy during this time because you may not be able to get it back.

Read Next: Do Medigaps Cover Pre-Existing Conditions?
Find Out: How Do I Choose a Medigap?
Return to: Medicare Supplement

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