HB1580

Mississippi HB1580 imposes requirements on companies offering Medicare Advantage, Part D, and supplement policies to Mississippi residents.

Mississippi HB1580 mandates that companies offering Medicare Advantage Plans, Medicare Part D Plans, and Medicare supplement policies to Mississippi residents must ensure providers submit "intent to exit" paperwork by August each year. Failure to do so locks providers into the network for the next year. The bill also requires companies to differentiate between 1099 and W-2 insurance agents and maintain separate information for each. Additionally, companies must pay agents and brokers the fair market value commission rate set by the Centers for Medicare and Medicaid Services.