New York A 7157: Requires insurers offering renewal of Medicare supplemental insurance policies to notify holders of the availability of similar policies

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A07157 Summary:

BILL NOA07157 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORCook (MS)

&nbsp

COSPNSRWeprin, Reyes

&nbsp

MLTSPNSRGlick, Peoples-Stokes

&nbsp

Add §§3218-a & 4331, Ins L

&nbsp

Requires insurers offering renewal of certain Medicare supplemental insurance policies or providing notification of a change in premiums of such policies to notify policyholders of the availability of policies offered by such insurer with similar benefits at a comparable premium or the ability of such policyholder to purchase a different policy without the pre-existing condition waiting period; applies to policies for which such insurers no longer accept new contracts but continue to renew for existing policyholders.

Go to top A07157 Actions:

BILL NOA07157 

&nbsp

03/21/2025referred to insurance

01/07/2026referred to insurance

Go to topA07157 Committee&nbspVotes:

Go to topA07157 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA07157 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7157

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 21, 2025
 ___________

 Introduced by M. of A. COOK, WEPRIN, REYES -- Multi-Sponsored by -- M.
 of A. GLICK, PEOPLES-STOKES -- read once and referred to the Committee
 on Insurance

 AN ACT to amend the insurance law, in relation to providing disclosure
 to medicare supplemental insurance policy holders regarding the rights
 of such holders at the time of a rate change

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The insurance law is amended by adding a new section 3218-a
 2 to read as follows:
 3 § 3218-a. Required disclosure to Medicare supplemental insurance poli-
 4 cy holders. (a) Every insurer offering a renewal of a contract to a
 5 closed block member, or notifying such closed block member of a proposed
 6 or approved change in the premiums or the benefits under such contract,
 7 shall notify such member in writing, in a form approved by the super-
 8 intendent, of: (1) the ability of such member to purchase a different
 9 policy without undergoing a pre-existing condition waiting period
 10 providing there was continuous coverage the previous six months; and (2)
 11 the availability of any policy or contract offered by such insurer
 12 providing similar benefits at a lower premium, and a toll-free telephone
 13 number and internet website where such member may find information
 14 regarding policies providing similar benefits offered by another insur-
 15 er, a corporation organized pursuant to article forty-three of this
 16 chapter, or an organization certified pursuant to article forty-four of
 17 the public health law.
 18 (b) For the purposes of this section, "closed block member" shall mean
 19 the holder of a contract of Medicare supplemental insurance issued by an
 20 insurer pursuant to a form for which such insurer no longer solicits or
 21 accepts new policyholders, but continues to offer renewal contracts to
 22 existing policyholders under such form.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09333-01-5

 A. 7157 2

 1 § 2. The insurance law is amended by adding a new section 4331 to read
 2 as follows:
 3 § 4331. Required disclosure to Medicare supplemental insurance policy
 4 holders. (a) Every corporation offering a renewal of a contract to a
 5 closed block member, or notifying such closed block member of a proposed
 6 or approved change in the premiums or the benefits under such contract,
 7 shall notify such member in writing, in a form approved by the super-
 8 intendent, of: (1) the ability of such member to purchase a different
 9 contract without undergoing a pre-existing condition waiting period
 10 providing there was continuous coverage the previous six months; and (2)
 11 the availability of any policy or contract offered by such corporation
 12 providing similar benefits at a lower premium, and a toll-free telephone
 13 number and internet website where such member may find information
 14 regarding contracts providing similar benefits offered by another insur-
 15 er, a corporation organized pursuant to this article, or an organization
 16 certified pursuant to