Bill > SB1199

This bill requires insurance companies, health services plans, and health maintenance organizations that offer individual Medicare supplement policies in Virginia to provide an annual open enrollment period for current policyholders. The open enrollment period will begin on the individual's birthday and last for at least 60 days, during which the policyholder can purchase a new Medicare supplement policy from any insurer in the state that offers the same benefits as their current coverage. During this period, insurers cannot deny, condition, or discriminate in pricing based on the individual's health status, claims history, or medical condition. The insurer must notify the policyholder at least 15 but no more than 30 days before the open enrollment period, detailing the dates, the individual's rights, and any changes to benefits or premiums. The bill defines "Medicare supplement policy" broadly to include policies offered by public entities, and specifically excludes innovative benefits from the comparison of policy coverage. This legislation aims to provide more flexibility and protection for Medicare supplement policyholders by ensuring they have an annual opportunity to change their coverage without facing health-based restrictions.

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https://lis.virginia.gov/bill-details/20251/SB1199