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Bill > SB412

WI SB412

WI SB412
Open period to select medicare supplement policy.

summary

Introduced
09/08/2023
In Committee
09/08/2023
Crossed Over
Passed
Dead
04/15/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

This bill provides that an individual covered by an individual medicare supplement policy may cancel the policy and purchase a new policy with the same or lesser benefits during the 30-day period beginning on his or her birthday. Under the bill, if the individual elects to cancel the policy, the insurer must allow the individual to continue coverage under the policy until the first day of the second month following the month in which the cancellation occurs. The bill also provides that an insurer providing medicare supplement policies may not deny coverage under, condition the issuance of, or discriminate in the price of the replacement policy based on the health status, claims experience, receipt of health care, or medical condition of the individual.

AI Summary

This bill provides individuals covered by a Medicare supplement policy the ability to cancel their existing policy and purchase a new policy with the same or lesser benefits during a 30-day period beginning on their birthday. The bill requires the insurer to allow the individual to continue coverage under the old policy until the first day of the second month following the month in which the policy is cancelled. Additionally, the bill prohibits insurers from denying coverage, conditioning the issuance of, or discriminating in the premium of the replacement policy based on the individual's health status, claims experience, receipt of healthcare, or medical condition.

Committee Categories

Business and Industry

Sponsors (27)

Last Action

Failed to pass pursuant to Senate Joint Resolution 1 (on 04/15/2024)

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