HB 5235 Summary

• Establishes new standardized Medicare supplement insurance benefit plans (Plans M and N) effective June 1, 2010, while maintaining existing Plans A through L for policies issued before that date.

• Eliminates Plans E, H, I, and J from sale after June 1, 2010, and prohibits insurers from offering 1990 standardized plans after that date.

• Requires insurers to automatically adjust Medicare supplement benefits and allow premium modifications to match changes in Medicare deductibles, copayments, and coinsurance amounts.

• Mandates guaranteed renewable coverage with termination permitted only for nonpayment of premium or material misrepresentation, and allows temporary suspension of coverage (up to 24 months) when policyholders become eligible for Medicaid.

• Requires detailed outline of coverage documentation in 12-point type showing benefit comparisons across all available plans, with specific chart formats for each plan type.