Bill

Bill > A04399


NY A04399

NY A04399
Requires insurers offering renewal of certain Medicare supplemental insurance policies or providing notification of a change in premiums of such policies to notify policyholders of the availability of policies offered by such insurer with similar benefits at a comparable premium or the ability of such policyholder to purchase a different policy without the pre-existing condition waiting period; applies to policies for which such insurers no longer accept new contracts but continue to renew for e


summary

Introduced
02/04/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Requires insurers offering renewal of certain Medicare supplemental insurance policies or providing notification of a change in premiums of such policies to notify policyholders of the availability of policies offered by such insurer with similar benefits at a comparable premium or the ability of such policyholder to purchase a different policy without the pre-existing condition waiting period; applies to policies for which such insurers no longer accept new contracts but continue to renew for existing policyholders.

AI Summary

This bill requires insurers offering renewal of certain Medicare supplemental insurance policies or providing notification of a change in premiums of such policies to notify policyholders of the availability of policies offered by the insurer with similar benefits at a comparable premium or the ability of the policyholder to purchase a different policy without a pre-existing condition waiting period. This applies to policies for which the insurer no longer accepts new contracts but continues to renew for existing policyholders.

Committee Categories

Business and Industry

Sponsors (9)

Last Action

referred to insurance (on 01/05/2022)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...