The impact of policy standardization on the Medigap market
Affiliations
- PMID: 9256816
Item in Clipboard
The impact of policy standardization on the Medigap market
Inquiry.
1997 Summer.
Abstract
This study examines the impact of policy standardization on the market for Medicare supplemental, or "Medigap," policies. Prior to 1992, insurance carriers could sell any benefits they chose, so long as minimum benefit requirements were met. In July 1992, federal legislation was implemented that required all new Medigap policies to conform exactly to one of 10 standardized sets of benefits. Using pre- and post-standardized policy information from six states, this study analyzes the impact of this legislation. Overall, standardization has affected the market positively, and as a result, consumers are better able to make informed choices about the benefits they are purchasing.
Similar articles
-
Medigap reform legislation of 1990: a 10-year review.Health Care Financ Rev. 2003 Spring;24(3):121-37. Health Care Financ Rev. 2003. PMID: 12894639 Free PMC article.
-
Medigap reform legislation of 1990: have the objectives been met?Health Care Financ Rev. 1996 Fall;18(1):157-74. Health Care Financ Rev. 1996. PMID: 10165030 Free PMC article.
-
Medicare program; HHS' recognition of NAIC Model Standards (National Association of Insurance Commissioners) for regulation of Medigap policies--HCFA. Notice.Fed Regist. 1992 Aug 21;57(163):37980-8036. Fed Regist. 1992. PMID: 10121190
-
Supplemental insurance: Medicare's accidental stepchild.Med Care Res Rev. 2001 Jun;58(2):131-61. doi: 10.1177/107755870105800201. Med Care Res Rev. 2001. PMID: 11398644 Review.
-
Government and private insurance medical programs as well as MDVIP, an update.J Long Term Eff Med Implants. 2004;14(3):243-50. doi: 10.1615/jlongtermeffmedimplants.v14.i3.80. J Long Term Eff Med Implants. 2004. PMID: 15301667 Review.
Cited by
-
Challenges for the public in negotiating the health system in the 21st century.J Urban Health. 1999 Jun;76(2):211-28. doi: 10.1007/BF02344677. J Urban Health. 1999. PMID: 10924031 Free PMC article.
-
Who switches from Medigap to Medicare HMOs?Health Serv Res. 2002 Apr;37(2):273-90. doi: 10.1111/1475-6773.023. Health Serv Res. 2002. PMID: 12035994 Free PMC article.
-
The effect of benefits, premiums, and health risk on health plan choice in the Medicare program.Health Serv Res. 2004 Aug;39(4 Pt 1):847-64. doi: 10.1111/j.1475-6773.2004.00261.x. Health Serv Res. 2004. PMID: 15230931 Free PMC article.
-
Medicare beneficiary knowledge of the Part D program and its relationship with voluntary enrollment.Medicare Medicaid Res Rev. 2012 Dec 12;2(4):mmrr.002.04.a03. doi: 10.5600/mmrr.002.04.a03. eCollection 2012. Medicare Medicaid Res Rev. 2012. PMID: 24800154 Free PMC article.
-
Medigap reform legislation of 1990: a 10-year review.Health Care Financ Rev. 2003 Spring;24(3):121-37. Health Care Financ Rev. 2003. PMID: 12894639 Free PMC article.
Publication types
MeSH terms
LinkOut - more resources
Miscellaneous