When must an insurance company provide an outline of coverage to an applicant for a Medicare supplement policy?

An insurance company is required to provide an outline of coverage to an applicant for a Medicare supplement policy at the time of application. This ensures that the applicant has access to all pertinent information regarding the policy and its benefits before making a decision. By receiving this outline early in the process, the applicant can make an informed choice, understanding what the policy covers, any exclusions, and important limitations. This requirement is in place to promote transparency and help consumers understand their options when considering Medicare supplement insurance.