Senate Bill sb0266c1
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Florida Senate - 2007 CS for SB 266
By the Committee on Banking and Insurance; and Senators Baker
and Peaden
597-2111-07
1 A bill to be entitled
2 An act relating to Medicare supplement
3 policies; amending s. 627.672, F.S.; redefining
4 the term "Medicare supplement policy" for
5 purposes of part VIII of ch. 627, F.S., to
6 exclude a health insurance policy or other
7 health benefit plan that is offered by one or
8 more employers to employees or former
9 employees; providing an effective date.
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11 Be It Enacted by the Legislature of the State of Florida:
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13 Section 1. Subsection (1) of section 627.672, Florida
14 Statutes, is amended to read:
15 627.672 Definitions.--For the purposes of ss.
16 627.671-627.675:
17 (1) A "Medicare supplement policy" is a health
18 insurance policy or other health benefit plan offered by a
19 private entity to individuals who are entitled to have
20 payments for health care costs made under Medicare, Title
21 XVIII of the Social Security Act ("Medicare"), as presently
22 constituted and as may later be amended, which provides
23 reimbursement for expenses incurred for services and items for
24 which payment may be made under Medicare but which expenses
25 are not reimbursable by reason of the applicability of
26 deductibles, coinsurance amounts, or other limitations imposed
27 by Medicare. The term does not include any such policy or plan
28 of one or more employers that have at least 50 employees at
29 issue or labor organizations, or of the trustees of a fund
30 established by one or more employers or labor organizations,
31 or a combination thereof, for employees or former employees,
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Florida Senate - 2007 CS for SB 266
597-2111-07
1 or a combination thereof, or for members or former members, or
2 a combination thereof, of the labor organizations.
3 Section 2. This act shall take effect July 1, 2007.
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5 STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
COMMITTEE SUBSTITUTE FOR
6 Senate Bill 0266
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8 Exempts from the definition of Medicare supplement policy a
policy or plan of one or more employees that have at least 50
9 employees at issue.
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