Medicare Supplement policies must include which of the following requirements?

Medicare Supplement policies, also known as Medigap plans, are designed to help cover costs not paid by Medicare, such as copayments, coinsurance, and deductibles. One of the requirements for these policies is to provide a suitability form to applicants. This form ensures that the insurer provides adequate information to the applicant regarding the coverage options available to them and how those options fit into their specific health needs and financial situation. By requiring this form, the insurance company is promoting transparency and helping consumers make informed decisions regarding their healthcare coverage.

This requirement is vital because it helps prevent scenarios where individuals might be sold policies that do not meet their need or that they cannot afford. It ensures a degree of consumer protection within the insurance market, obligating insurers to assess the appropriateness of the policies they offer relative to the applicant's circumstances.

In contrast, other options like a waiting period before coverage starts or universal coverage for all ages are not inherent requirements for Medicare Supplement policies. Additionally, while enrollment periods are important in the broader context of Medicare as a whole, mandatory enrollment periods specifically for Medigap plans are not a stipulated requirement; rather, they often depend on the individual's age and circumstances surrounding their enrollment in Medicare.