summary
Introduced
02/16/2023
02/16/2023
In Committee
03/29/2023
03/29/2023
Crossed Over
03/10/2023
03/10/2023
Passed
03/30/2023
03/30/2023
Dead
Signed/Enacted/Adopted
04/06/2023
04/06/2023
Introduced Session
2023 Regular Session
Bill Summary
Create a new section of KRS 304.14-500 to 304.14-550 to prohibit certain trade practices relating to the sale of Medicare supplement policies to certain applicants; amend KRS 304.14-520 to conform; apply provisions to Medicare supplement policies available, issued, or renewed on or after January 1, 2024; require insurers and the Department of Insurance to take regulatory actions necessary to ensure applications are available on or before January 1, 2024; EFFECTIVE, in part, January 1, 2024.
AI Summary
This bill creates a new section of the Kentucky Revised Statutes (KRS) to prohibit certain trade practices relating to the sale of Medicare supplement policies to certain applicants, including individuals under the age of 65 who are eligible for Medicare due to disability or medical condition. The bill requires insurers to make Medicare supplement policies available to these non-age eligible applicants and caps the premium rates for these policies at the weighted average aged premium rate. The bill also amends an existing section of KRS to conform with these new provisions and requires insurers and the Department of Insurance to take necessary regulatory actions to ensure applications are available by January 1, 2024, when the bill's provisions take effect.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
signed by Governor (Acts Ch. 182) (on 04/06/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/23RS/hb345.html |
| BillText | https://apps.legislature.ky.gov/law/acts/23RS/documents/0182.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/23RS/hb345/bill.pdf |
| Vote History for HB345 | https://apps.legislature.ky.gov/record/23RS/hb345/vote_history.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/23RS/hb345/orig_bill.pdf |
Loading...