Minnesota HF2335 modifies preexisting condition limitations in Medicare supplement insurance policies.

Minnesota HF2335 amends the state's statutes to modify preexisting condition limitations in Medicare supplement insurance policies. The bill prohibits insurers from imposing new preexisting condition limitations, waiting periods, elimination periods, or probationary periods in replacement policies. It also mandates that insurers waive such periods in new policies if they were spent under the original policy. The bill ensures that individuals who lose coverage due to certain circumstances, such as the termination of a contract or agreement, are eligible for guaranteed issue periods.

Minnesota HF2335 modifies preexisting condition limitations in Medicare supplement insurance policies.

Minnesota HF2335 amends the state's statutes to modify preexisting condition limitations in Medicare supplement insurance policies. The bill prohibits insurers from imposing new preexisting condition limitations, waiting periods, elimination periods, or probationary periods in replacement policies. It also mandates that insurers waive such periods in new policies if they were spent under the original policy. The bill ensures that individuals who lose coverage due to certain circumstances, such as the termination of a contract or agreement, are eligible for guaranteed issue periods.