MN SF4148

Health carriers must reinstate Medicare supplement policies canceled due to premium nonpayment if the policyholder's cognitive impairment or functional incapacity caused the missed payment, provided reinstatement is requested within 90 days of cancellation

Removes the age 65-70 restriction for open enrollment period guaranteed issue, allowing Medicare beneficiaries of any age to enroll during open enrollment without health-based discrimination

Caps the one-time premium increase for enrolling outside the initial Medicare Part B enrollment period at 10%, eliminating the previously scheduled escalating surcharges (15% in 2026 rising to 35% by 2030)

Requires health carriers to allow existing policyholders to switch during open enrollment to any Medicare supplement policy offered by the same carrier with the same or lesser benefits

Reinstated policies for cognitive impairment must cover claims from the termination date forward without requiring evidence of insurability, and policyholders must pay back premiums within 15 days of the carrier's request