Free Look Period
MedigapA 30-day period after you receive a new Medigap policy during which you can cancel it for a full premium refund if you are not satisfied. This gives you time to compare your old and new coverage before fully committing.
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Guaranteed Renewable
MedigapA feature of standardized Medigap policies requiring the insurer to renew your coverage every year as long as you pay your premium, regardless of your health or how many claims you have filed.
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Medicare SELECT
MedigapA type of Medigap policy that requires you to use specific hospitals and, in some cases, specific doctors (except in emergencies) to get full benefits. In exchange, premiums are typically lower than standard Medigap plans.