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 or age during specified enrollment periods, while clarifying guaranteed issue rights for eligible individuals.

Moreover, the bill mandates that individuals be notified of their rights when their coverage is terminated or when they cease enrollment in a policy. It specifies that Medicare supplement policies cannot duplicate Medicare benefits or impose more restrictive exclusions than those set by Medicare. The legislation also introduces new language regarding waivers for preexisting conditions and repeals certain sections related to open enrollment periods, indicating a shift in policy issuance. It outlines requirements for application forms to ensure applicants are aware of their existing coverage and the implications of replacing their Medicare supplement policy. The act is set to take effect the day after its final enactment, with some provisions effective on specified future dates.

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