Which of the following statements about Medigap policies is (are) true?
I.Insurers are required to have an open enrollment period of 6 months from the date an applicant first enrolls in Medicare Part B and is age 65 or older.
II.Most policies are of limited value because they largely duplicate benefits already provided by Medicare.

Question

Quizplus · Accepted Answer

Statement I is true. Insurers are required to have an open enrollment period of 6 months from the date an applicant first enrolls in Medicare Part B and is age 65 or older.

Statement II is false. Medigap policies can cover some of the out-of-pocket costs that Medicare does not cover, such as deductibles, copayments, and coinsurance. Some policies also offer additional benefits, such as coverage for medical care received outside of the United States. Therefore, Medigap policies can complement Medicare coverage and provide valuable additional benefits.

Which of the Following Statements About Medigap Policies Is (Are)