The bill amends Section 27-18.2-3 of the General Laws regarding Medicare Supplement Insurance Policies, establishing new standards for policy provisions. It ensures that no Medicare supplement policy can duplicate Medicare benefits and prohibits exclusions for preexisting conditions for losses incurred more than six months after coverage begins. The bill mandates the commissioner to adopt regulations that set specific standards for policy provisions, including terms of renewability, eligibility conditions, and benefit limitations. Additionally, it allows the commissioner to specify prohibited policy provisions deemed unjust or unfairly discriminatory.

The bill guarantees that individuals under the age of sixty-five who are enrolled in Medicare Parts A and B have guaranteed issue rights for any standardized Medicare Supplement Plan A during a designated month each year, as established by the office of the health insurance commissioner, without being subject to medical underwriting. It also extends similar guaranteed issue rights to individuals over sixty-five, ensuring they can enroll in any Medicare supplement plan during the same designated period. The issuance of these policies will not be conditioned on the applicants' medical or health status. The act will take effect upon passage.

Statutes affected:
167: 27-18.2-3