State RegulationsFL specificDifficulty 2/5
Two Florida insurers offer the same lettered Medicare supplement plan, but their premiums differ. Which statement is correct?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under Fla. Stat. 627.674, a given lettered Medicare supplement plan must contain the same core benefits regardless of which insurer sells it. What varies between insurers is the premium and the quality of service — which is exactly what standardization is designed to let consumers compare. An insurer cannot rewrite a lettered plan's benefits, because that would destroy the uniformity the plan letters promise.
Why the other options are wrong
- B) A lettered plan's benefits are fixed by standardization; an insurer cannot change them after the sale.
- C) No rule requires the same agent to sell both insurers' versions of a lettered plan.
- D) The same lettered plan is available as individual coverage; there is no group/individual split between insurers.
Memory hook
One letter, one benefit set — price does the competing.