The bill amends Minnesota Statutes to expand the guaranteed issuance of Medicare supplement policies for individuals whose previous coverage has been involuntarily terminated or issued by an insolvent issuer. It outlines specific conditions under which individuals qualify as "eligible persons" for guaranteed issue, including circumstances related to the termination of employee welfare benefit plans, Medicare Advantage plans, and other related programs. The bill also establishes a guaranteed issue period during which eligible individuals can apply for a new Medicare supplement policy without facing denial or discrimination based on health status or preexisting conditions.

Additionally, the bill includes provisions for notifying individuals of their rights when their coverage is terminated and specifies the obligations of issuers of Medicare supplement policies. It modifies existing legal language by deleting certain clauses and inserting new definitions and conditions for eligibility. The effective date for these changes is set for January 1, 2027.