1. A. The purpose of this regulation is:

   1. 1. to provide for the reasonable standardization of coverage and simplification of terms and benefits of Medicare supplement policies;
   2. 2. to facilitate public understanding and comparison of such policies;
   3. 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. 4. to provide for full disclosures in the sale of accident and sickness insurance coverages to persons eligible for Medicare.

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

      1. a. have attained age 65 on or after January 1, 2020; or
      2. b. first become eligible for Medicare due to age, disability or end-stage renal disease, on or after January 1, 2020.

Authority Note

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

Historical Note

HISTORICAL NOTE: 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 44:2189 (December 2018).