What Makes a Medicare Supplement Insurance Policy Standard?

Medicare wouldn’t be insurance if there weren’t regulations governing their every move and Medicare Supplement Insurance (Medigap) is no different. In order for each state to offer Medigap coverage there are some guidelines that they have to abide by, with the exception of Massachusetts, Minnesota and Wisconsin that offer other guidelines. Here are the requirements for each state that offers Medicare Supplement Insurance, let you representative know if you are not receiving one of the benefits or coverage options listed below:

1. Insurance companies that sell Medicare Supplement Insurance policies in all states but the three listed above do not have to offer every Medigap plan that is available. This is a way of ensuring that the insurance company can make the right decisions and be as profitable as possible while providing the right options to the Medicare subscriber.

2. Insurance companies that sell Medicare Supplement Insurance policies in all states but the three mentioned above must sell Medigap Plan A, Plan C and Plan F if they offer any Medigap policies at all. These Medigap policies can be extremely beneficial to individuals and the states and federal government feel that it is necessary to require them to be offered by all insurance companies that offer Medicare Supplement Insurance.