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NY A06810
Bill
Status
3/31/2011
Primary Sponsor
Vivian Cook
Click for details
AI Summary
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Requires insurers and health care corporations to notify Medicare supplemental insurance policyholders in writing when offering policy renewals or notifying of premium or benefit changes.
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Notifications must disclose the ability to purchase a different policy without pre-existing condition waiting periods if continuous coverage existed for the previous six months.
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Notifications must include information about similar benefit policies available at lower premiums from the current insurer, along with a toll-free number and website to find comparable policies from other insurers or health care organizations.
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Applies only to "closed block members"—policyholders with Medicare supplemental insurance forms that the insurer no longer offers to new customers but continues to renew for existing policyholders.
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Effective January 1, 2012 for all policies issued, renewed, modified, or altered on or after that date.
Legislative Description
Requires insurers offering renewal of certain Medicare supplemental insurance policies or providing notification of a change in premiums of such policies to notify policyholders of the availability of policies offered by such insurer with similar benefits at a comparable premium or the ability of such policyholder to purchase a different policy without the pre-existing condition waiting period; applies to policies for which such insurers no longer accept new contracts but continue to renew for existing policyholders.
Last Action
held for consideration in mental health
6/12/2012