A short YouTube talk by Craig Wear, CFP® advising viewers on selecting Medigap plans when first joining Medicare. The speaker emphasizes the importance of the initial six-month enrollment window (in Colorado and most states) during which insurers cannot require health-history underwriting, and warns that switching later is often difficult once health issues arise.
The thing with Medigap plans is that when you first join Medicare. Right. Because you're right now in Colorado, you might be moving, but that's okay. We'll talk about that in a second. But in Colorado and in most states, you only have the first six month window when you can first join one of these plans without asking for your health history. So we want to be very thoughtful around the Medigap plan that we pick because while, yes, if you're healthy, we can switch it. We most people don't really care what they have until they're not healthy. Yeah. Right. And so when they want to switch, it's usually too late.
