Test Bank for Medicare Supplement - Questions Latest 2025 Answered Correctly

Test Bank for Medicare Supplement - Questions Latest 2025 Answered Correctly Medicare supplement is also called - Answers Medigap MS minimum loss ratio - Answers 80% Free look for Medicare Supplements - Answers 30 daya Plan a covers - Answers Core benefits of Medicare supplement Open enrollment period for Medicare supplement - Answers 6 months When getting part B for the first time, - Answers The policy is guaranteed issue Medigap is Issued by - Answers Private insurance companies Can an issue infer that they are working for Medicare or a part of Medicare in Medicare supplement? - Answers No Can Medicare supplement duplicate any Medicare benefits? - Answers No If you have Medicaid are you allowed to be on Medicare supplement - Answers No How long is suspension of Medicare supplement? Why would you suspend Medigap? - Answers For 24 months if you become eligible for Medicaid. How soon does the insured have to notify of Medicaid eligibility for the premium to be returned? - Answers 90 days Outline of Medigap coverage- 7 parts - Answers 1.Principal benefits 2. Exception 3. Limitations 4. Reductions 5. Renewal provisions 6. Right to increase the premium 7. Statement that outline of coverage is summary of the policy Outline of coverage is also known as - Answers Summary of benefits Does Medigap cover dental? - Answers No What is the best renewability provision for a customer? - Answers Non-cancelable Loss Ratio Definition - Answers The amount of benefit paid out compared to the amount of premium paid Loss ratio is - Answers 80% In replacement... - Answers Can be made to redo waiting periods Again, elimination period, and pre-existing conditions Attained Age - Answers Premium price can increase yearly with age Issued age - Answers Premium price at the age of policy is issued and cannot increase due to age only increasing healthcare costs Free look. - Answers 30 days starts at policy delivery Medigap has to be what type of renewable policy - Answers Guaranteed renewable Compensation the first year - Answers No greater than 200% of renewal years Renewal is the same as - Answers Replacement party