State RegulationsMI specificDifficulty 1/5
How long does a Michigan Medicare supplement policyowner have after receiving the policy to return it to the insurer for a full premium refund?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Per the Michigan Department of Insurance and Financial Services (DIFS) Medicare supplement consumer guidance, a Medicare supplement policyholder may return the policy within 30 days of receipt for a full premium refund. This right lets beneficiaries compare the policy against their needs and cancel without penalty if it does not fit.
Why the other options are wrong
- A) 10 days is the free-look length for some other Michigan products, but DIFS gives Medicare supplement buyers a 30-day return right.
- B) 20 days matches no Michigan Medicare supplement return period.
- D) 60 days doubles the actual period; the refund right runs 30 days from receipt.
Memory hook
Med supp free look: 30 days to change your mind, full refund, no questions.