Bill > SB80

This bill modifies New Mexico's Medicare Supplement Act by introducing an annual open enrollment period for eligible policyholders, which are defined as Medicare beneficiaries aged 65 or older. During this period, which begins in the policyholder's birthday month and lasts at least 60 days, insurance companies (referred to as "issuers") must allow eligible policyholders to purchase any Medicare supplement policy available in the state. Importantly, issuers cannot deny, delay, condition, or discriminate in pricing based on the policyholder's health status, medical history, or current medical condition. The bill also requires issuers to notify eligible policyholders at least 30 days but no more than 60 days before their open enrollment period, informing them of the enrollment dates, their rights, and any potential modifications to their current Medicare supplement policy or premium adjustments. Additionally, the bill includes some technical amendments to the definitions section of the existing law, such as adding the term "eligible policyholder" and making minor language corrections.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=80&year=25