Medicare Supplement Insurance - ANSWER A type of health insurance that helps cover
costs not paid by Medicare, such as copayments, coinsurance, and deductibles.
Long Term Care Insurance - ANSWER A policy designed to cover the costs of long-term
care services, including assistance with daily activities and nursing home care.
Medicare Part A - ANSWER The part of Medicare that covers inpatient hospital stays,
skilled nursing facility care, hospice, and some home health care.
Medicare Part B - ANSWER The part of Medicare that covers outpatient care, preventive
services, and some home health care.
Guaranteed Issue - ANSWER A provision that requires insurers to offer a policy to all ap-
plicants regardless of health status, typically applicable during specific enrollment periods.
Open Enrollment Period - ANSWER A designated time frame during which individuals can
enroll in Medicare Supplement plans without medical underwriting.
Pre-existing Condition - ANSWER A health issue that existed before the start of a new in-
surance policy, which may affect coverage options.
Medically Necessary Services - ANSWER Health care services or supplies needed to diag-
nose or treat an illness or injury, covered by Medicare.
Coinsurance - ANSWER The percentage of costs for covered health care services that the
insured pays after meeting the deductible.
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costs not paid by Medicare, such as copayments, coinsurance, and deductibles.
Long Term Care Insurance - ANSWER A policy designed to cover the costs of long-term
care services, including assistance with daily activities and nursing home care.
Medicare Part A - ANSWER The part of Medicare that covers inpatient hospital stays,
skilled nursing facility care, hospice, and some home health care.
Medicare Part B - ANSWER The part of Medicare that covers outpatient care, preventive
services, and some home health care.
Guaranteed Issue - ANSWER A provision that requires insurers to offer a policy to all ap-
plicants regardless of health status, typically applicable during specific enrollment periods.
Open Enrollment Period - ANSWER A designated time frame during which individuals can
enroll in Medicare Supplement plans without medical underwriting.
Pre-existing Condition - ANSWER A health issue that existed before the start of a new in-
surance policy, which may affect coverage options.
Medically Necessary Services - ANSWER Health care services or supplies needed to diag-
nose or treat an illness or injury, covered by Medicare.
Coinsurance - ANSWER The percentage of costs for covered health care services that the
insured pays after meeting the deductible.
1
