What must a beneficiary receive when they apply for Medigap insurance?

When a beneficiary applies for Medigap insurance, they must receive an NAIC buyer's guide. This guide is crucial as it provides comprehensive information about the various Medigap plans available, including coverage options, costs, and rights and protections afforded to the insured. The NAIC (National Association of Insurance Commissioners) buyer's guide helps beneficiaries make informed decisions regarding their Medigap insurance by explaining the differences between plans, the benefits, and what to consider when choosing a policy. This information is especially important for those navigating the complexities of health insurance, ensuring they understand their options fully before committing to a plan.