State RegulationsFL specificDifficulty 1/5
Why did Florida standardize Medicare supplement benefits into lettered plans?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under Fla. Stat. 627.674, standardization into lettered plans exists for comparison shopping: because every insurer's version of a given lettered plan carries the same core benefits, consumers can shop on premium and service without decoding different benefit packages. Standardization does not fix premiums, eliminate required disclosures, or governmentalize the product. It simply makes the market legible to seniors.
Why the other options are wrong
- A) Standardization fixes the benefits of each lettered plan, not the premium; premiums still vary by insurer.
- B) Outlines of coverage remain mandatory disclosures despite standardization.
- C) Medicare supplement policies remain private insurance contracts; standardization does not make them government contracts.
Memory hook
Same letter, same benefits — so price is the only puzzle.