S.D. Admin. R. 20:06:13:17.02

Current through Register Vol. 50, page 159, June 17, 2024

Section 20:06:13:17.02 - General standards for 1990 standardized Medicare supplement benefit plans

The following standards apply to Medicare supplement policies issued for delivery after July 16, 1992, and prior to June 1, 2010, and certificates and are in addition to all other requirements of this chapter:

(1) Indemnity for losses resulting from sickness must be on the same basis as losses resulting from an accident;

(2) Benefits designed to cover cost-sharing amounts under Medicare must be changed to coincide with changes in applicable Medicare deductible, copayment, or coinsurance amounts. Premiums may be modified to correspond with such changes.

S.D. Admin. R. 20:06:13:17.02

8 SDR 174, effective 7/1/1982; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 15 SDR 143, effective 3/29/1989; 16 SDR 174, effective 5/2/1990; transferred from

General Authority: SDCL 58-17A-2.

Law Implemented: SDCL 58-17A-2.