This bill establishes new standards for the issuance of Medicare supplement policies in New Jersey, mandating that insurers cannot deny or condition the issuance of these policies based on an applicant's health status, claims experience, or medical condition. Additionally, it prohibits discrimination in pricing and requires that applicants be accepted year-round for any available Medicare supplement policy. The provisions apply to all Medicare enrollees, regardless of whether they are enrolled due to age or disability.

Furthermore, the bill specifies that while insurers may apply preexisting condition limitations, they cannot impose exclusions of benefits for individuals who meet certain criteria and enroll during designated periods, provided they submit appropriate evidence with their application. This legislation aims to enhance access to Medicare supplement policies and ensure fair treatment of applicants. The act is set to take effect 90 days after its enactment.