summary
Introduced
12/22/2023
12/22/2023
In Committee
12/22/2023
12/22/2023
Crossed Over
Passed
Dead
02/13/2024
02/13/2024
Introduced Session
Potential new amendment
2024 Regular Session
Bill Summary
Medicare supplement policies; annual open enrollment period. Requires an insurer, health services plan, or health maintenance organization issuing Medicare supplement policies or certificates in the Commonwealth to offer to an individual currently insured under any such policy an annual open enrollment period commencing on the day of the individual's birthday and remaining opening for at least 30 days thereafter, during which time the individual may purchase any Medicare supplement policy made available by the insurer in the Commonwealth that offers the same benefits as or lesser benefits than those provided by the current coverage. The bill also requires such insurer, health services plan, or health maintenance organization to notify, at least 15 days but not more than 30 days prior to the commencement of such annual open enrollment period, each individual to which such open enrollment period applies of the dates of that open enrollment period, the rights of the individual during that open enrollment period, and any modification of benefits provided by or adjustment of premiums charged for such Medicare supplement policy.
AI Summary
This bill requires insurers, health services plans, or health maintenance organizations issuing Medicare supplement policies in Virginia to offer an annual open enrollment period of at least 30 days starting on the policyholder's birthday. During this time, policyholders can purchase any Medicare supplement policy from the insurer with the same or lesser benefits as their current coverage, and the insurer cannot deny or charge higher premiums based on the policyholder's health status. The bill also requires insurers to notify policyholders 15-30 days before the open enrollment period of the dates, their rights, and any changes to their current policy.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Left in Labor and Commerce (on 02/13/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB64 |
| Substitute for HB64 Labor and Commerce, Subcommittee #1 | https://committees.lis.virginia.gov/pdfs/drafts/24106001D.pdf |
| Fiscal Note/Analysis - House: Prefiled and ordered printed; offe | https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB64F122+PDF |
| BillText | https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB64+hil |
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