Senate Bill 1236c1

    Florida Senate - 1999                           CS for SB 1236

    By the Committee on Banking and Insurance; and Senator Grant





    311-2089-99

  1                      A bill to be entitled

  2         An act relating to insurance; amending s.

  3         627.672, F.S.; redefining the term "Medicare

  4         supplement policy" for purposes of the Florida

  5         Medicare Supplement Reform Act; providing an

  6         effective date.

  7

  8  Be It Enacted by the Legislature of the State of Florida:

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10         Section 1.  Subsection (1) of section 627.672, Florida

11  Statutes, is amended to read:

12         627.672  Definitions.--For the purposes of ss.

13  627.671-627.675:

14         (1)  A "Medicare supplement policy" is a health

15  insurance policy or other health benefit plan offered by a

16  private entity to individuals who are entitled to have

17  payments for health care costs made under Medicare, Title

18  XVIII of the Social Security Act ("Medicare"), as presently

19  constituted and as may later be amended, which provides

20  reimbursement for expenses incurred for services and items for

21  which payment may be made under Medicare but which expenses

22  are not reimbursable by reason of the applicability of

23  deductibles, coinsurance amounts, or other limitations imposed

24  by Medicare. The term does not include any such policy or plan

25  of one or more labor organizations, or of the trustees of a

26  fund established by one or more labor organizations, or a

27  combination thereof, for employees or former employees, or a

28  combination thereof, or for members or former members, or a

29  combination thereof, of the labor organizations.

30         Section 2.  This act shall take effect July 1, 1999.

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 1999                           CS for SB 1236
    311-2089-99




  1          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
  2                         Senate Bill 1236

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  4  The committee substitute retains the provisions of the current
    definition of "Medicare supplement policy" to include policies
  5  issued to employers, which were deleted by the bill and
    therefore, retains the current law's requirements for such
  6  policies. As provided in the original bill, the committee
    substitute exempts from the definition (and the law's
  7  requirements) policies issued to labor organizations that
    cover their members, former (retired) members, or employees.
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