Minnesota HF2403 modifies insurance policies, including Medicare supplement policies, and governs the renewal and discontinuation of health plans.

Minnesota HF2403 amends insurance policies by modifying Medicare supplement benefits and provisions for renewability and discontinuation of health plans. The bill introduces a ten percent increase in premiums for individuals enrolling in Medicare supplement policies outside their initial enrollment period. It also allows health plans to charge the community rate for insureds not residing in certain counties. The bill mandates that health maintenance organizations cannot cancel or fail to renew coverage except under specific conditions, such as nonpayment of premiums or fraud.

Minnesota HF2403 modifies insurance policies, including Medicare supplement policies, and governs the renewal and discontinuation of health plans.

Minnesota HF2403 amends insurance policies by modifying Medicare supplement benefits and provisions for renewability and discontinuation of health plans. The bill introduces a ten percent increase in premiums for individuals enrolling in Medicare supplement policies outside their initial enrollment period. It also allows health plans to charge the community rate for insureds not residing in certain counties. The bill mandates that health maintenance organizations cannot cancel or fail to renew coverage except under specific conditions, such as nonpayment of premiums or fraud.