What is the length of the "free look" evaluation period for a new Medicare Supplement Insurance policy?

The length of the "free look" evaluation period for a new Medicare Supplement Insurance policy is 30 days. This period allows policyholders to review their new insurance policy and decide whether it meets their needs without any risk. If the individual chooses to cancel the policy within this 30-day timeframe, they are typically entitled to a full refund of any premiums paid. This practice is designed to provide consumers with the opportunity to thoroughly understand their coverage and make an informed decision before fully committing to the policy. It also ensures that they are protected in case they decide the policy isn’t suitable for them after further reflection.