Bill > SF2498

This bill modifies regulations for Medicare supplement insurance policies in Minnesota, primarily focusing on preexisting condition limitations and enrollment periods. The bill eliminates references to an "open enrollment period" and adjusts provisions related to when individuals can obtain Medicare supplement insurance without being denied coverage or charged higher premiums based on their health status. Specifically, the bill ensures that individuals have guaranteed issue rights during certain six-month periods, such as when they first enroll in Medicare Part B or turn 65, and when they experience specific changes in their health coverage. The bill also adds new language requiring that any preexisting condition limitations be clearly labeled in policy documents and provides protections for individuals who involuntarily lose health coverage, such as those losing coverage due to plan terminations or disability status changes. Additionally, the bill updates notification requirements for insurance agents and companies when replacing Medicare supplement policies, including new disclosures about potential impacts of preexisting conditions. The changes aim to make Medicare supplement insurance more accessible and transparent for consumers, particularly those with existing health conditions.

Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2498&ssn=0&y=2025