Medicare & Senior InsuranceQuestion 671 of 716
Medicare Supplement (Medigap) policies are:
a.Unregulated and vary randomly from insurer to insurer
b.A form of stand-alone prescription drug plan that is sold to replace the need for enrolling in Medicare Part D at all
c.Sold only by the federal government
d.Standardized into lettered plans, so a given plan letter offers the same core benefits from any insurer
Explanation
Medigap plans are federally standardized by letter, so the same plan letter provides identical core benefits regardless of insurer, making them easy to compare. They are sold by private insurers, not the government, and are not drug plans.
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Related questions on this topic
- Medicare Part B is:
- Medicare Part C (Medicare Advantage) is:
- A significant gap in Medicare is that it generally does NOT cover:
- The Medigap open enrollment period is a ___-month period, beginning when the individual is 65 and enrolled in Part B, during which they can buy any Medigap policy without medical underwriting:
- A Medigap policy is designed to:
- For an employee age 65 or older who is still working at a large employer, the employer group health plan is generally the ______ payer and Medicare is ______:
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)