This bill establishes a new section regarding Medicare supplement insurance, specifically introducing an annual open enrollment period for applicants. Starting January 1, 2025, applicants will have a thirty-one-day open enrollment period that begins on March 1. The bill defines "applicant" as an individual covered under a Medicare supplement policy, including those under sixty-five who qualify for Medicare due to disability or other specific conditions. It also provides a definition for "issuer" and "Medicare supplement policy."

During the open enrollment period, issuers are prohibited from denying or conditioning the issuance of Medicare supplement policies, subjecting applicants to medical underwriting, or discriminating in pricing based on health status or medical conditions. Additionally, issuers cannot impose exclusions based on preexisting conditions. The bill mandates that issuers provide notice of the open enrollment period in a form prescribed by the commissioner of insurance when an applicant applies for a Medicare supplement policy or certificate.