What must insurers notify the insured of regarding Medicare benefits?

Notification to the insured regarding changes in deductibles and copays is essential because it directly affects their out-of-pocket expenses related to their Medicare benefits. Medicare, being a federal health insurance program, often undergoes adjustments in costs associated with coverage, such as annual changes in deductibles and copayment amounts. Keeping the insured informed of these changes ensures that they can budget for their healthcare expenses and make informed decisions about their medical care.

The importance of transparency in these areas helps the insured to understand their financial responsibilities under their Medicare plan, impacting their planning and access to necessary services. Regular updates on these aspects are vital for maintaining trust and clarity between the insurer and the insured. This requirement aligns with the commitment of insurers to provide accurate and important information that can influence the healthcare choices of beneficiaries.