Judith Jones discovers that the premium cost for her Medicare supplementary policy increased in the month of March. She does not recall receiving a notice of this increase. Which of the following courses should Ms. Jones take?
Judith Jones discovers that the premium cost for her Medicare supplementary policy increased in the month of March. She does not recall receiving a notice of this increase. Which of the following courses should Ms. Jones take?
a. She should report the change to the Medicare officers listed in her policy because regulations state clearly that supplementary policies may not increase fees.
b. She should review her policy to determine if the previous billing amount was incorrect. Corrections are permitted.
c. She should consult current Medicare regulations to determine if program coverages, including deductible and co-payment percentages, have increased. Such changes can increase costs of supplement policies.
d. She should do nothing. Medicare supplements clearly state that their premiums might increase when insurers' cost of production increase.
Answer: c. She should consult current Medicare regulations to determine if program coverages, including deductible and co-payment percentages, have increased. Such changes can increase costs of supplement policies.
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