SB 215 IN Became Law
Medicare supplement insurance.
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Summary
Provides that after December 31, 2024, an issuer that makes a Medicare supplement policy or certificate available to persons at least 65 years of age must make the equivalent policy or certificate available to an individual under 65 years of age who is eligible for Medicare because of having a federally defined disability or end stage renal disease. (Under current law, an issuer that makes a Medicare supplement policy or certificate available to persons at least 65 years of age is required only to make a Plan A policy or certificate available to individuals under 65 years of age, and is required to make the Plan A policy or certificate available to an individual under 65 years of age who is eligible for Medicare because of having a federally defined disability but is not required to make the Plan A policy or certificate available to an individual under 65 years of age who is eligible for Medicare because of having end stage renal disease.) Provides that if an individual who is less than 65 years of age, who is eligible for Medicare because of having a federally defined disability or end stage renal disease, and who meets certain conditions as to application timeliness applies for a Medicare supplement policy or certificate, the issuer of the policy or certificate is prohibited from: (1) denying or conditioning the issuance or effectiveness of the individual's policy or certificate; (2) charging the individual a premium rate for a policy or certificate standardized as Plan A, B, or D that exceeds the premium rate the issuer charges an individual who is 65 years of age; (3) charging the individual a premium rate for any other standardized lettered policy or certificate that exceeds 200% of the premium rate the issuer charges an individual who is 65 years of age; or (4) issuing to the individual a policy or certificate that contains a waiting period or a preexisting condition limitation or exclusion. Provides for the expiration of Code provisions that would be superseded by the new requirements applying to issuers of Medicare supplement policies or certificates.
Sponsors (4)
- Kyle Walker Republican · author
- Mark Messmer · author
- Cyndi Carrasco Republican · author
- Martin Carbaugh Republican · sponsor
7 coauthors / cosponsors
- Aaron Freeman Republican · coauthor
- Fady Qaddoura Democratic · coauthor
- Lonnie Randolph Democratic · coauthor
- Vaneta Becker Republican · coauthor
- David Abbott Republican · cosponsor
- Robert Morris Republican · cosponsor
- Chris Judy Republican · cosponsor
Action history (27)
- Jan 9, 2024 Authored by Senator Walker K · upper
- Jan 9, 2024 First reading: referred to Committee on Insurance and Financial Institutions · upper
- Jan 18, 2024 Senator Messmer added as second author · upper
- Jan 22, 2024 Senator Carrasco added as third author · upper
- Jan 25, 2024 Senator Randolph added as coauthor · upper
- Jan 25, 2024 Senator Freeman added as coauthor · upper
- Jan 25, 2024 Committee report: amend do pass, adopted · upper
- Jan 25, 2024 Senator Qaddoura added as coauthor · upper
- Jan 29, 2024 Second reading: amended, ordered engrossed · upper
- Jan 29, 2024 Amendment #1 (Walker K) prevailed; voice vote · upper
- Feb 1, 2024 Senator Becker added as coauthor · upper
- Feb 1, 2024 House sponsor: Representative Carbaugh · upper
- Feb 1, 2024 Cosponsors: Representatives Abbott, Morris, Judy · upper
- Feb 1, 2024 Third reading: passed; Roll Call 87: yeas 47, nays 2 · upper
- Feb 2, 2024 Referred to the House · upper
- Feb 12, 2024 First reading: referred to Committee on Insurance · lower
- Feb 15, 2024 Committee report: amend do pass, adopted · lower
- Feb 19, 2024 Second reading: ordered engrossed · lower
- Feb 21, 2024 Returned to the Senate with amendments · lower
- Feb 20, 2024 Third reading: passed; Roll Call 176: yeas 91, nays 0 · lower
- Feb 26, 2024 Motion to concur filed · upper
- Feb 29, 2024 Senate concurred in House amendments; Roll Call 235: yeas 42, nays 2 · upper
- Mar 4, 2024 Signed by the President Pro Tempore · upper
- Mar 7, 2024 Signed by the Speaker · lower
- Mar 11, 2024 Public Law 28 · upper
- Mar 8, 2024 Signed by the President of the Senate · upper
- Mar 11, 2024 Signed by the Governor · executive
Full text
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