Wisconsin 2023-2024 Regular Session

Wisconsin Senate Bill SB412 Compare Versions

Only one version of the bill is available at this time.

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3	3	2023 - 2024 LEGISLATURE
4	4	2023 SENATE BILL 412
5	5	September 8, 2023 - Introduced by Senators SMITH, CARPENTER, ROYS, TAYLOR,
6	6	HESSELBEIN, LARSON and SPREITZER, cosponsored by Representatives SUBECK,
7	7	JACOBSON, C. ANDERSON, J. ANDERSON, ANDRACA, BALDEH, BARE, CABRERA,
8	8	CONLEY, DRAKE, JOERS, MOORE OMOKUNDE, OHNSTAD, ORTIZ-VELEZ, PALMERI,
9	9	RATCLIFF, SHELTON, SNODGRASS, STUBBS and CLANCY. Referred to Committee on
10	10	Insurance and Small Business.
11	11	AN ACT to create 632.823 of the statutes; relating to: open period to select
12	12	medicare supplement policy.
13	13	Analysis by the Legislative Reference Bureau
14	14	This bill provides that an individual covered by an individual medicare
15	15	supplement policy may cancel the policy and purchase a new policy with the same
16	16	or lesser benefits during the 30-day period beginning on his or her birthday. Under
17	17	the bill, if the individual elects to cancel the policy, the insurer must allow the
18	18	individual to continue coverage under the policy until the first day of the second
19	19	month following the month in which the cancellation occurs. The bill also provides
20	20	that an insurer providing medicare supplement policies may not deny coverage
21	21	under, condition the issuance of, or discriminate in the price of the replacement policy
22	22	based on the health status, claims experience, receipt of health care, or medical
23	23	condition of the individual.
24	24	The people of the state of Wisconsin, represented in senate and assembly, do
25	25	enact as follows:
26	26	SECTION 1. 632.823 of the statutes is created to read:
27	27	632.823 Annual replacement period for medicare supplement policies.
28	28	(1) An individual enrolled under an individual medicare supplement policy may,
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33	33	5 - 2 -2023 - 2024 Legislature LRB-4216/1
34	34	JPC:skw
35	35	SECTION 1 SENATE BILL 412
36	36	during the period beginning on the individual's birthday and ending on the 30th day
37	37	after the individual's birthday, cancel the policy and purchase another individual
38	38	medicare supplement policy with the same or lesser benefits.
39	39	(2) If an individual elects to purchase a replacement policy under sub. (1), the
40	40	insurer whose medicare supplement policy is to be canceled shall allow the
41	41	individual to maintain coverage under that policy until the first day of the 2nd month
42	42	following the month in which the policy is canceled.
43	43	(3) An insurer providing medicare supplement policies may not deny coverage
44	44	under, condition the issuance of, or discriminate in the premium of the replacement
45	45	policy on the basis of health status, claims experience, receipt of health care, or
46	46	medical condition of an individual who elects to purchase a replacement policy under
47	47	sub. (1).
48	48	SECTION 2.0Initial applicability.
49	49	(1) This act first applies to an individual whose birthday occurs on the effective
50	50	date of this subsection.
51	51	SECTION 3.0Effective date.
52	52	(1) This act takes effect on the first day of the 7th month beginning after
53	53	publication.
54	54	(END)
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