Question

Except for direct response policies, when must a Medicare supplement policy outline of coverage must be delivered to an applicant?

Option 1: Within 30 days of application
Option 2: At the time of policy delivery
Option 3: Within 14 days of application
Option 4: Within 60 days of application

Answer 1

An outline of coverage for a Medicare supplement policy must be delivered to an applicant at the time of policy delivery, ensuring applicants are well-informed about their health coverage options.

Step-by-step explanation:

When it comes to Medicare supplement policies, except for direct response policies, the correct answer is that an outline of coverage must be delivered to an applicant at the time of policy delivery. This requirement ensures that applicants are fully informed about the coverage they will receive. Since Medicare was established as part of the Social Security Act of 1965 to help seniors over 65 with their medical care needs, understanding their health coverage options is critical. Socialization into new social roles like becoming a senior entails learning about Medicare and aligning with governmental dictates like registration with the Selective Service System.