AD Banker Comprehensive Practice Exam

All Medicare supplement (or Medigap) policies must:

1. Provide the same benefits as Medicare Part A

2. Provide the same benefits as Medicare Part B

3. Offer a 10 day free look provision

4. Have the same core benefits

The correct answer is: Have the same core benefits

Medicare supplement (or Medigap) policies are designed to fill the gaps in coverage that original Medicare (Parts A and B) does not cover. One of the key features of these policies is that they must offer a standard set of core benefits, which are defined by federal and state regulations. This means that all Medigap policies must include a basic level of coverage that is consistent across different plans. The core benefits typically cover things like hospital coinsurance, skilled nursing facility coinsurance, the first three pints of blood, and other important areas where Medicare may not provide full coverage. This uniformity ensures that individuals can expect a baseline level of protection from any Medigap plan they choose. While some policies may provide additional benefits or different variations, they all must adhere to the core requirement of covering specific basic costs associated with healthcare that Medicare does not fully cover. This standardization helps consumers make informed choices about their healthcare financing options. The other provided options do not adequately capture this critical aspect of Medigap policies; while they relate to aspects of Medicare coverage, they do not encompass the requirement for core benefits across all Medigap plans.