Bill

Bill > HF3923


MN HF3923

MN HF3923
Guaranteed issuance of Medicare supplement policies for enrollees of a Medicare supplement policy that is involuntarily terminated or issued by an insolvent issuer expanded.


summary

Introduced
03/05/2026
In Committee
03/05/2026
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to health insurance; expanding guaranteed issuance of Medicare supplement policies for enrollees of a Medicare supplement policy that is involuntarily terminated or issued by an insolvent issuer; amending Minnesota Statutes 2025 Supplement, section 62A.31, subdivision 1u.

AI Summary

This bill expands guaranteed issuance of Medicare supplement policies, which are health insurance plans that help pay for costs not covered by Original Medicare (Medicare Part A and Part B), for individuals whose current Medicare supplement policy is involuntarily terminated or issued by an insolvent issuer, meaning the insurance company goes out of business. Specifically, it amends existing law to ensure that individuals losing coverage due to the insolvency or bankruptcy of their current Medicare supplement policy provider, or due to other involuntary terminations of that policy, are guaranteed the right to enroll in a new Medicare supplement policy. The bill also makes technical changes to clarify which types of Medicare supplement policies are available to individuals in various loss-of-coverage scenarios, and it sets an effective date of January 1, 2027, for these changes.

Committee Categories

Health and Social Services

Sponsors (1)

Last Action

Introduction and first reading, referred to Health Finance and Policy (on 03/05/2026)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...