Who Regulates Medicare Supplement Plans?

Medicare Supplement plans, or Medigap, are regulated by both federal and state governments. The federal government, through the Centers for Medicare & Medicaid Services (CMS), sets rules and standards for these plans to ensure consistency and consumer protection nationwide. State insurance departments oversee Medicare supplement companies, licensing them and monitoring their pricing and practices. This dual oversight aims to provide Medicare beneficiaries with reliable and standardized coverage options across states. To know more visit here https://www.capbluecross.com/wps/portal/cap/home/shop/medicare-supplement