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Bill > S0952


SC S0952

SC S0952
Medicare supplement insurance


summary

Introduced
01/11/2024
In Committee
01/11/2024
Crossed Over
Passed
Dead
05/09/2024

Introduced Session

125th General Assembly

Bill Summary

A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 38-71-180 SO AS TO PROVIDE STANDARDS FOR POLICY PROVISIONS OF MEDICARE SUPPLEMENT POLICIES AND CERTIFICATES IN THIS STATE.

AI Summary

This bill adds a new section to the South Carolina Code of Laws to provide standards for policy provisions of Medicare supplement policies and certificates in the state. The key provisions include: prohibiting Medicare supplement policies from containing benefits that duplicate those provided by Medicare; requiring the Director of the Department of Insurance to adopt regulations to establish standards for various policy provisions, such as renewability, eligibility, and benefit limitations; allowing the Director to adopt regulations to conform Medicare supplement policies to federal law; and requiring insurers to offer Medicare supplement Plan A policies to applicants under age 65 who are eligible for Medicare due to a disability or end-stage renal disease, as well as guaranteeing issue rights during an annual enrollment period for individuals enrolled in Medicare Parts A and B, regardless of age.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to Committee on Banking and Insurance (on 01/11/2024)

bill text


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