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. Additionally, it 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).

The bill also stipulates that the issuance or coverage of any Medicare supplement policy shall not be conditioned on the medical or health status of the applicant, and no issuer shall perform individual medical underwriting in connection with the issuance of a policy. Furthermore, it establishes a process for premium rate review, requiring that any rate filing subject to a public comment period be accompanied by the issuer bearing the reasonable expenses of the commissioner related to the filing. If a public hearing is deemed necessary, the issuer is also responsible for the associated costs.

Moreover, the office of the health insurance commissioner is tasked with evaluating the impact of adopting a community rating structure for Medicare supplement plans and reviewing the notification process for enrollment periods. The commissioner is required to 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 practices within the industry.