This bill amends various sections of the Minnesota Statutes concerning Medicare supplement insurance policies, particularly focusing on preexisting condition limitations. It replaces the previous subdivision 1w in section 62A.31 with a new subdivision 1v, which updates policy requirements. The bill introduces provisions that allow for the suspension of benefits and premiums for policyholders who qualify for medical assistance, detailing conditions for reinstatement and coverage equivalency upon loss of that entitlement. Additionally, it prohibits health carriers from imposing preexisting condition limitations or discriminating based on health status or age during specified enrollment periods, while clarifying guaranteed issue rights for eligible individuals to enroll in Medicare supplement policies without exclusions for preexisting conditions.

Moreover, the bill outlines the rights of individuals who lose coverage and the obligations of issuers, ensuring that individuals are entitled to specific Medicare supplement policies based on prior enrollment. It establishes notification requirements for organizations that terminate contracts and emphasizes that these rights are supplementary to existing rights under subdivision 1h. The bill also introduces new application form requirements, mandating that applicants are informed about their existing coverage and the implications of policy replacement. Agents are required to provide detailed notices regarding the replacement of Medicare supplement coverage, including information on preexisting conditions and potential claims impacts. The bill aims to enhance consumer protection and clarity in the Medicare supplement insurance market by streamlining regulations and repealing outdated provisions.

Statutes affected:
Introduction: 62A.31, 62A.44