SB 0920 | Limits Type of Policy For Medicare Supplement |
Sponsor: | SCHNEIDER | ||
LR Number: | S3323.01I | Fiscal Note: | 3323-01 |
Committee: | Insurance and Housing | ||
Last Action: | 03/06/96 - Hearing Conducted S Insurance & Housing Committee | ||
Title: | |||
Effective Date: | August 28, 1996 | ||
SB 920 - Any insurance company issuing a medicare supplement
policy is prohibited from setting rates on an "attained age
basis". An attained age basis is a method where the rates change
as the insured person's age changes.
MIKE HOEFERKAMP