Form FIS0308 Report of Multiple Medicare Supplement Coverage in Force for Michigan Residents - Michigan

What Is Form FIS0308?

This is a legal form that was released by the Michigan Department of Insurance and Financial Services - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is FIS0308 Report?A: FIS0308 Report is a report that provides information about multiple Medicare Supplement coverage in force for Michigan residents.

Q: Who is required to file the FIS0308 Report?A: Insurance companies and other organizations that offer Medicare Supplement coverage to Michigan residents are required to file the FIS0308 Report.

Q: What does the FIS0308 Report include?A: The FIS0308 Report includes information about individuals who have multiple Medicare Supplement policies in force, including their name, policy number, and the insurance companies that provide their coverage.

Q: Why is the FIS0308 Report important?A: The FIS0308 Report helps the state of Michigan ensure that individuals are not being overcharged for Medicare Supplement coverage and helps prevent fraud and abuse in the system.

Q: How often is the FIS0308 Report filed?A: The FIS0308 Report is filed annually, typically by March 1st of each year.

Q: What happens if an insurance company fails to file the FIS0308 Report?A: Failure to file the FIS0308 Report can result in penalties and fines for the insurance company.