HB2775

Illinois HB2775 amends the Illinois Insurance Code to regulate Medicare supplement policies, ensuring fair coverage and pricing practices.

HB2775 amends the Illinois Insurance Code to establish regulations for Medicare supplement policies. It ensures that insurers cannot deny coverage to applicants who switch from Medicare Advantage plans to traditional Medicare plans within 30 days of the new plan's effective date. The bill also prohibits insurers from charging higher premiums or denying coverage based on pre-existing conditions. Additionally, it mandates annual open enrollment periods for eligible individuals and requires insurers to provide certain notices and rights to policyholders.