Informing Seniors -SIBOR-August 3, 2020

8 Long-Term Care Only • Taking Care of Tomorrow- Be sure the agent has provided you with an outline of coverage including all benefits and limitations [CIC § 10233.5], the Long Term Care Insurance Personal Worksheet [CIC § 10234.95], the HICAP notice [ § 10232.3(c)(3)] and the shopper’s Guide developed by the California Department of Aging [CIC § 10234.93 (c) (9)]. • You may designate another person to receive lapse or termination of coverage notices for nonpayment of premium for Long-Term Care insurance [CIC § 10235.40]. Medicare Supplement Only • Before purchasing a Medicare Supplement policy, be sure the agent has provided you with a four part outline of coverage including all available plans, premium, and benefits [CIC § 10192.17 (j)(1)&(2)]. • You have a right to transfer to an equal or lesser Medicare Supplement plan during the 60 day open enrollment period commencing with your birthday. Insurance companies must advise you of this right at least 30 and no more than 60 days prior to your birthday [CIC § 10192.11(h)]. Term Life Only • Any advertisement connected to the sale of Term Life Insurance must prominently disclose any change in premium or benefits resulting from the aging of the insured [CIC § 10127.8 (b)(4)&(5)]. You may contact the Health Insurance Counseling and Advocacy Program (HICAP) to obtain counseling on all health insurance issues including Long-Term Care and special Medicare Supplement open enrollment rights free of charge at 1(800) 434-0222. The information provided herein is not all inclusive and does not negate or pre-empt existing California law. If you have questions or wish to discuss an insurance matter, the officers at our Consumer Hotline are available to help you. Please call them at 1-800-927- 4357 or contact us at www.insurance.ca.gov .