New York bill requires insurers to inform policyholders of Medicare supplemental insurance policies about alternative options when premiums change or.

New York Assembly Bill A07157 amends the insurance law to mandate that insurers notify policyholders of Medicare supplemental insurance policies about their options when premiums change or renewals are offered. Specifically, insurers must inform policyholders of the availability of policies with similar benefits at a comparable premium or the option to purchase a different policy without a pre-existing condition waiting period, provided there was continuous coverage for the previous six months.

New York bill requires insurers to inform policyholders of Medicare supplemental insurance policies about alternative options when premiums change or.

New York Assembly Bill A07157 amends the insurance law to mandate that insurers notify policyholders of Medicare supplemental insurance policies about their options when premiums change or renewals are offered. Specifically, insurers must inform policyholders of the availability of policies with similar benefits at a comparable premium or the option to purchase a different policy without a pre-existing condition waiting period, provided there was continuous coverage for the previous six months.