What must an agent do upon selling a Medicare Supplement policy?

When an agent sells a Medicare Supplement policy, it is essential to provide a suitability form to the applicant. This form is designed to capture important information about the applicant's needs, preferences, and financial situation, ensuring that the recommended coverage is appropriate for them. The suitability form serves as a protection for both the client and the agent, validating that the agent has acted in the best interests of the client by documenting critical discussion points and any possible alternatives considered.

This practice aligns with regulatory requirements that demand agents to ensure that clients fully understand the policies they are purchasing, thereby helping to safeguard against unsuitable insurance sales. It acts as a record that the agent has provided the necessary information for the consumer to make an informed decision regarding their healthcare coverage.

Other options, while they may seem relevant in the context of a comprehensive selling process, do not specifically address the procedural requirements mandated for selling Medicare Supplement policies. They do not capture the regulatory standards that ultimately serve to protect the consumer's interests in this particular insurance context.