La. Admin. Code tit. 37 § XIII-501

Current through Register Vol. 50, No. 9, September 20, 2024

Section XIII-501 - Purpose

A. The purpose of this regulation is:

1. to provide for the reasonable standardization of coverage and simplification of terms and benefits of Medicare supplement policies;

2. to facilitate public understanding and comparison of such policies;

3. to eliminate provisions contained in such policies which may be misleading or confusing in connection with the purchase of such policies or with the settlement of claims; and

4. to provide for full disclosures in the sale of accident and sickness insurance coverages to persons eligible for Medicare.

5. to incorporated Medigap policies that cover Part B deductibles to "newly eligible" Medicare beneficiaries defined as those individuals who:

a. have attained age 65 on or after January 1, 2020; or

b. first become eligible for Medicare due to age, disability or end-stage renal disease, on or after January 1, 2020.

La. Admin. Code tit. 37, § XIII-501

Promulgated by the Department of Insurance, Office of the Commissioner, LR 25:1101 (June 1999), repromulgated LR 25:1481 (August 1999), LR 29:2434 (November 2003), LR 31:2902 (November 2005), Amended LR 442189 (12/1/2018).

AUTHORITY NOTE: Promulgated in accordance with R.S.22:224 and 42 U.S.C. 1395 et seq.