Replacing an Existing Medicare Supplement Policy with One From a Different Company
When deciding to replace your existing Medicare Supplement policy with one offered by a different company, do not cancel the current policy until the new policy has been received and reviewed.
It is your responsibility to understand the benefits of the new contract and decide if you want to keep it. Once your decision has been made, you are responsible for cancelling the old policy.
Insurance agents selling a Medicare Supplement policy intending to replace an existing Medicare Supplement policy with a different insurer must provide the applicant with a Medicare Supplement coverage replacement notice.