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SB 215 IN
Became Law

Medicare supplement insurance.

IN · session 2024 · Senate · bill

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Introduced Jan 9, 2024

Latest action (Mar 11, 2024) Signed by the Governor

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 Provides for the expiration of Code provisions that would be superseded by the new requirements applying to issuers of Medicare supplement policies or certificates.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)

7 coauthors / cosponsors

Action history (27)

  1. Jan 9, 2024 Authored by Senator Walker K · upper
  2. Jan 9, 2024 First reading: referred to Committee on Insurance and Financial Institutions · upper
  3. Jan 18, 2024 Senator Messmer added as second author · upper
  4. Jan 22, 2024 Senator Carrasco added as third author · upper
  5. Jan 25, 2024 Senator Randolph added as coauthor · upper
  6. Jan 25, 2024 Senator Freeman added as coauthor · upper
  7. Jan 25, 2024 Committee report: amend do pass, adopted · upper
  8. Jan 25, 2024 Senator Qaddoura added as coauthor · upper
  9. Jan 29, 2024 Second reading: amended, ordered engrossed · upper
  10. Jan 29, 2024 Amendment #1 (Walker K) prevailed; voice vote · upper
  11. Feb 1, 2024 Senator Becker added as coauthor · upper
  12. Feb 1, 2024 House sponsor: Representative Carbaugh · upper
  13. Feb 1, 2024 Cosponsors: Representatives Abbott, Morris, Judy · upper
  14. Feb 1, 2024 Third reading: passed; Roll Call 87: yeas 47, nays 2 · upper
  15. Feb 2, 2024 Referred to the House · upper
  16. Feb 12, 2024 First reading: referred to Committee on Insurance · lower
  17. Feb 15, 2024 Committee report: amend do pass, adopted · lower
  18. Feb 19, 2024 Second reading: ordered engrossed · lower
  19. Feb 21, 2024 Returned to the Senate with amendments · lower
  20. Feb 20, 2024 Third reading: passed; Roll Call 176: yeas 91, nays 0 · lower
  21. Feb 26, 2024 Motion to concur filed · upper
  22. Feb 29, 2024 Senate concurred in House amendments; Roll Call 235: yeas 42, nays 2 · upper
  23. Mar 4, 2024 Signed by the President Pro Tempore · upper
  24. Mar 7, 2024 Signed by the Speaker · lower
  25. Mar 11, 2024 Public Law 28 · upper
  26. Mar 8, 2024 Signed by the President of the Senate · upper
  27. Mar 11, 2024 Signed by the Governor · executive
Subjects
HEALTH; GenerallyHEALTH; Physical DisabilitiesINSURANCE; Medicare

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