State RegulationsFL specificDifficulty 3/5
Which statement correctly distinguishes the Medicare supplement Buyer's Guide from the outline of coverage?
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Why B is correct
Under Fla. Stat. 627.674, the two disclosure documents serve different purposes: the Buyer's Guide is the general shopping document that describes the Med Supp plans available in the market, while the outline of coverage summarizes the particular policy being considered — its benefits, exclusions, and terms. Both are delivered to the applicant at the time of application for non-direct-response business. A consumer needs the guide to shop the market and the outline to evaluate one specific product.
Why the other options are wrong
- A) This reverses the two documents: the guide is general; the outline is policy-specific.
- C) The Buyer's Guide requirement applies to Medicare supplement sales generally, not only group sales.
- D) The outline of coverage is required across sales channels, not only direct-response business.
Memory hook
Guide = the whole mall; outline = one store's price tag.