Easier Access to Medicare Supplemental Insurance and Greater Transparency
This bill aims to simplify access to Medicare supplemental insurance (Medigap) by prohibiting discrimination based on health status and age. It also introduces greater transparency in the operations of insurers and brokers, helping citizens make informed decisions about their health insurance.
Key points
Medigap insurers will not be able to deny coverage or raise prices due to health status, pre-existing conditions, or genetic information.
A larger portion of insurance premiums will need to be spent on healthcare benefits rather than insurer administrative costs.
The Medicare Plan Finder website will provide more information on costs, provider networks, and Medigap policy rules to facilitate informed choices.
Insurance brokers will be required to disclose payments received from insurance companies, increasing transparency in their operations.
Expired
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