State RegulationsVA specificDifficulty 1/5
How long is the free-look period during which a Medicare supplement policyholder in Virginia may return the policy for a full premium refund?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Va. Code § 38.2-3604 gives Medicare supplement applicants in Virginia a 30-day right to return: if the policy is returned within 30 days of receipt, it is treated as if it had never been issued and the premium is refunded in full. The 30-day Medigap free look is deliberately longer than the shorter free-look periods for other products, and candidates should not blur it with grace-period or guaranteed-issue timeframes, which measure entirely different things.
Why the other options are wrong
- A) 10 days is the free-look style period for other lines of coverage, not for Medicare supplement policies.
- C) 31 days evokes a grace period measured from a premium due date — a different concept with no refund-for-return function here.
- D) 63 days is a guaranteed-issue window measured from a qualifying event, not the free look from receipt.
Memory hook
Medigap's door stays open 30 days — return it and it's as if the policy never was.