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NY A07157
Bill
Status
Introduced
3/21/2025
Primary Sponsor
Vivian Cook
Click for details
AI Summary
- Requires insurers to notify Medicare supplemental insurance policyholders in "closed blocks" (policies no longer open to new customers but still renewed for existing holders) when premiums or benefits change
- Mandates written disclosure that policyholders can purchase a different policy without a pre-existing condition waiting period if they had continuous coverage for the previous six months
- Requires insurers to inform closed block members of any similar policies they offer at lower premiums
- Requires provision of a toll-free telephone number and website where policyholders can find information about similar policies from other insurers or health organizations
- Applies to both insurers and corporations organized under insurance law, with disclosures subject to superintendent approval
- Takes effect January 1 following enactment, applying to all policies issued, renewed, modified, or altered 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
referred to insurance
1/7/2026
Committee Referrals
Insurance3/21/2025
Full Bill Text
No bill text available