What must an insurer provide if they terminate a group Medicare Supplement policy?

When an insurer terminates a group Medicare Supplement policy, they are required to provide an offer of conversion to individual coverage. This requirement is in place to ensure that individuals who were covered under the group policy have the opportunity to maintain their coverage through an individual policy, which helps prevent gaps in insurance and maintains access to necessary healthcare services.

By allowing individuals to convert to an individual policy, the insurer supports continuity of care and ensures that former enrollees are not left without essential coverage upon the termination of the group policy. This provision is especially critical for populations such as seniors or individuals with specific health needs, as they may have difficulties finding new coverage without an option to convert.

The other options do not align with the specific requirements regarding the termination of group Medicare Supplement policies. While appeals processes, summaries of new policies, and endorsements of similar policies may be beneficial in certain contexts, legislation governing Medicare Supplement policies specifically emphasizes the necessity for an offer of conversion to individual coverage. This provision addresses the immediate need for coverage continuity for individuals affected by the termination.