This bill amends the Michigan Insurance Code of 1956, specifically section 3829, to enhance protections for applicants seeking Medicare supplement policies. It prohibits insurers from denying or conditioning the issuance of these policies based on the applicant's health status, claims experience, or medical condition, provided certain conditions are met. These conditions include submitting an application during a specified six-month period after enrolling in Medicare Part B, or if the applicant is a non-age-eligible individual, during a similar timeframe after their enrollment. Additionally, the bill mandates that all Medicare supplement policies must be available to qualifying applicants without regard to age, and it establishes that applicants cannot be charged more than the premium rate for individuals aged 65 and older.

Furthermore, the bill stipulates that insurers must not impose waiting periods or preexisting condition limitations on Medicare supplement policies for applicants who qualify under the outlined criteria. It also clarifies that if an applicant has had a continuous period of creditable coverage, insurers cannot exclude benefits based on preexisting conditions. The bill includes specific definitions and exclusions related to creditable coverage, ensuring that applicants are treated fairly and equitably when applying for Medicare supplement insurance.

Statutes affected:
Senate Introduced Bill: 500.3829