This bill amends existing laws regarding Medicare Supplement Insurance Policies to enhance consumer protections. Key provisions include the establishment of standards for policy provisions, specifically allowing individuals under the age of sixty-five who are enrolled in Medicare due to disability or end-stage renal disease to receive a six-month open enrollment period for any available Medicare supplement policy upon turning sixty-five, provided they remain enrolled in Medicare Parts A and B.

The bill introduces guaranteed issue rights for individuals under sixty-five who have been continuously covered by Medicare supplement policies or Medicare Advantage plans, allowing them to enroll in any available Medicare supplement policy without medical underwriting. It also specifies that the issuance of any Medicare supplement policy shall not be conditioned on the medical or health status of the applicant.

Additionally, the bill outlines a process for premium rate review, requiring issuers to bear the reasonable expenses of the commissioner related to rate filings, including costs for actuaries and public hearings. The office of the health insurance commissioner is tasked with evaluating the impact of adopting a community rating structure for Medicare supplement plans and must report its 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.