Bill Title: Amends the Illinois Insurance Code. Provides that, if an individual is at least 65 years of age but no more than 75 years of age and has an existing Medicare supplement policy, the individual is entitled to an annual open enrollment period lasting 45 days, commencing with the individual's birthday, and the individual may purchase any Medicare supplement policy with the same issuer that offers benefits equal to or lesser than those provided by the previous coverage. Provides that, during this open enrollment period, an issuer of a Medicare supplement policy shall not deny or condition the issuance or effectiveness of Medicare supplemental coverage, nor discriminate in the pricing of coverage, because of health status, claims experience, receipt of health care, or a medical condition of the individual. Requires an issuer to provide notice of this annual open enrollment period for eligible Medicare supplement policyholders at the time that the application is made for a Medicare supplement policy or certificate. Provides that the notice shall be in a form that may be prescribed by the Department of Insurance. Effective January 1, 2022.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Passed) 2021-07-23 - Public Act . . . . . . . . . 102-0142 [SB0147 Detail]

Text: Latest bill text (Chaptered) [HTML]

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