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MS HB1580
Bill
Status
Failed
2/3/2026
Primary Sponsor
Jimmy Fondren
Click for details
AI Summary
- Requires companies offering Medicare Advantage and Part D plans in Mississippi to pay agents and brokers the fair market value commission rate set by the Centers for Medicare and Medicaid Services
- Mandates Medicare supplement policy companies use the Medicare Advantage flat fee commission model for agent and broker compensation
- Establishes a mandatory open enrollment period every 5 years for Medicare supplement policies for residents ages 65-80, with a 60-day window starting at their birth month allowing purchase without medical underwriting questions
- Requires all network providers to submit "intent to exit" paperwork by August 1 each year or be locked into the network for the following calendar year
- Directs insurance companies to maintain separate records for independent contractor (1099) agents and employee (W-2) agents, with the Commissioner of Insurance authorized to enforce all provisions effective July 1, 2026
Legislative Description
Medicare Advantage, Part D and supplements; impose certain requirements on companies that offer them to MS residents.
Last Action
Died In Committee
2/3/2026
Committee Referrals
Insurance1/19/2026
Full Bill Text
No bill text available