MN SF4020

Expands guaranteed issue rights for Medicare supplement (Medigap) policies to include individuals whose coverage is involuntarily terminated or whose insurer becomes insolvent, allowing them to purchase any Medicare supplement policy from any issuer without health-based discrimination or preexisting condition exclusions.

Adds "other involuntary termination of coverage or enrollment" as a qualifying event for guaranteed issue eligibility, beyond just insurer insolvency or bankruptcy.

Modifies the policy options available to affected individuals, specifying that those with involuntary terminations due to insolvency or other involuntary reasons can select any Medicare supplement policy offered by any issuer.

Establishes a 63-day guaranteed issue enrollment period beginning on the earlier of receiving termination/insolvency notice or the coverage termination date.

Effective date: January 1, 2027.