This bill amends various sections of the Minnesota Statutes concerning Medicare supplement insurance policies, particularly focusing on preexisting condition limitations and the rights of individuals regarding their coverage. It replaces the previous subdivision 1w in section 62A.31 with a new subdivision 1v, which updates policy requirements. The bill ensures that benefits and premiums are suspended 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 during specified enrollment periods, while clarifying renewal and continuation provisions for Medicare supplement policies.

Moreover, the bill mandates that individuals be informed of their rights when their coverage is terminated or when they cease enrollment. It specifies that Medicare supplement policies cannot duplicate Medicare benefits or impose more restrictive exclusions than those set by Medicare. New language regarding waivers for preexisting conditions is introduced, along with amendments to application forms that require issuers to ask specific questions about existing coverage. Issuers are also required to provide a notice regarding the replacement of Medicare supplement coverage, outlining the potential effects on preexisting conditions and waiting periods. The bill repeals certain outdated statutes related to open enrollment periods and establishes an effective date for the new provisions.

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