Which document outlines what a Medicare supplement plan covers?

The document that outlines what a Medicare supplement plan covers is the "Outline of Coverage." This document is crucial because it provides a clear and concise summary of the benefits, coverage, and limitations of the Medicare supplement plan. It is designed to give potential enrollees an understanding of what services and expenses are covered under the plan, as well as any cost-sharing responsibilities they might have.

The Outline of Coverage allows beneficiaries to make informed choices when selecting a supplement plan by detailing how it works in conjunction with original Medicare. This transparency is essential in ensuring that seniors understand their health care options, helping them to navigate the complexities of Medicare and identify which plan best meets their needs.

In contrast, an insurance policy summary typically provides a broad overview of the policy benefits but may not include the detailed specifics that the Outline of Coverage offers. An insurance application is simply the form used to apply for insurance coverage and does not provide details about coverage. The code of ethics pertains to the principles and standards governing the conduct of insurance professionals and does not directly address the specifics of health insurance plans. Thus, the correct choice highlights the importance of transparency and consumer education in health insurance decisions.