The bill amends the Michigan Insurance Code of 1956, specifically section 3829, to enhance protections for individuals applying for 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 ensures that applicants who are already insured under a Medicare supplement policy can apply for a new policy without facing discrimination based on age or health status.

Furthermore, the bill mandates that insurers must offer Medicare supplement policies to all 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. It also stipulates that these policies must not include waiting periods or preexisting condition limitations. The bill clarifies the definition of "creditable coverage" and outlines the conditions under which benefits based on preexisting conditions can be excluded. Overall, the amendments aim to provide greater access and fairness in the issuance of Medicare supplement policies in Michigan.

Statutes affected:
Senate Introduced Bill: 500.3829