Florida Life and Health Insurance License Practice Test

What is the maximum waiting period for pre-existing conditions under a Medicare Supplement policy?

1. 12 months

2. 3 months

3. 6 months

4. 24 months

The correct answer is: 6 months

Medicare Supplement policies are insurance policies that provide additional coverage for expenses not covered by original Medicare. These policies typically have a waiting period for coverage of pre-existing conditions. The key to answering this question is understanding that a pre-existing condition is defined as a health condition that existed before the insurance policy was purchased. Option A and D, 12 months and 24 months respectively, are both longer waiting periods than the correct answer of 6 months. This means that with these options, individuals would have to wait a full year or two years before coverage for their pre-existing conditions would begin. That is a significant amount of time to wait for coverage and could leave individuals without the necessary insurance during a critical time. Option B, 3 months, is a shorter waiting period than the correct answer, but it is still not the maximum waiting period. This means that coverage for pre-existing conditions would start