Final answer:
Dropping another company's med sup may make consumers ineligible for guaranteed issue.
Step-by-step explanation:
In the context of medical supplemental insurance (med sup), dropping another company's med sup may result in the consumer not being eligible for guaranteed issue. Guaranteed issue refers to the right of an individual to purchase a med sup policy regardless of their health status or pre-existing conditions. However, this eligibility may be lost if a consumer voluntarily drops their med sup policy with one company and tries to obtain coverage from another company.
For example, let's say a consumer has a med sup policy with Company A. If they decide to drop this policy and try to enroll in med sup with Company B, they might not be eligible for guaranteed issue. This is because guaranteed issue is usually available only during specific enrollment periods or if certain conditions are met, such as not having voluntarily terminated coverage from another company.