Senate Bill sb0266c2

    Florida Senate - 2007                     CS for CS for SB 266

    By the Committees on Health Policy; Banking and Insurance; and
    Senators Baker and Peaden




    587-2371-07

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






    Florida Senate - 2007                     CS for CS for SB 266
    587-2371-07




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

 2  a combination thereof, of the labor organizations if, upon

 3  termination of eligibility, group members age 65 or older are

 4  offered continuation of coverage under the group plan or a

 5  conversion policy that has the same benefits as a Medicare

 6  supplement policy.

 7         Section 2.  This act shall take effect July 1, 2007.

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 9          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
10                      CS for Senate Bill 266

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12  The committee substitute excludes from regulation Medicare
    Supplement policies or plans serving certain groups, if, upon
13  termination of eligibility, group members age 65 or older are
    offered continuation of coverage under the group plan or a
14  conversion policy that has the same benefits as a Medicare
    Supplement policy.
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CODING: Words stricken are deletions; words underlined are additions.