The bill amends existing laws regarding Medicare Supplement Insurance Policies to enhance consumer protections. Key provisions include the establishment of standards for policy provisions, specifically ensuring that individuals under the age of sixty-five (65) who are enrolled in a Medicare supplement Plan A due to disability or end-stage renal disease are afforded a six (6) month open enrollment period upon turning sixty-five (65) and remaining enrolled in Medicare Parts A & B.

The bill introduces guaranteed issue rights for individuals under sixty-five (65) who have been continuously covered by any Medicare supplement policy or Medicare Advantage plan with no gap in coverage greater than ninety (90) days since their Medicare Initial Enrollment Period (IEP). This allows them to enroll in any available Medicare supplement policy without medical underwriting.

Additionally, the bill outlines a process for premium rate review by the commissioner, requiring issuers to bear the reasonable expenses associated with rate filings, including costs related to actuaries and public hearings. The commissioner is also tasked with evaluating the impact of adopting a community rating structure for Medicare supplement plans and certificates, and must report findings and recommendations to the General Assembly by January 1, 2026.

Overall, the bill aims to improve access to Medicare supplement insurance and ensure fair treatment of applicants.