Which entity provides Medicare Supplement policies?

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Study for the Louisiana Series 103 – Life, Health, and Accident or Sickness Insurance Exam. Familiarize yourself with key concepts through engaging questions and explanations. Prepare effectively for your exam!

Multiple Choice

Which entity provides Medicare Supplement policies?

Explanation:
Medicare Supplement policies, known as Medigap, are sold by private insurance companies. Original Medicare leaves gaps like deductibles and coinsurance, and private insurers offer Medigap plans to help cover those remaining costs. The plan designs are standardized by CMS, but the policies themselves are issued by private insurers. The government doesn’t issue Medigap policies, and hospitals aren’t the providers of these supplemental policies.

Medicare Supplement policies, known as Medigap, are sold by private insurance companies. Original Medicare leaves gaps like deductibles and coinsurance, and private insurers offer Medigap plans to help cover those remaining costs. The plan designs are standardized by CMS, but the policies themselves are issued by private insurers. The government doesn’t issue Medigap policies, and hospitals aren’t the providers of these supplemental policies.

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