CS/HB 97

1	A bill to be entitled
2	An act relating to Medicare supplement policies; amending
3	s. 627.672, F.S.; revising the definition of the term
4	"Medicare supplement policy" to exclude a health insurance
5	policy or other health benefit plan offered by one or more
6	employers to employees or former employees; providing a
7	limitation; providing an effective date.
8
9	Be It Enacted by the Legislature of the State of Florida:
10
11	Section 1.  Subsection (1) of section 627.672, Florida
12	Statutes, is amended to read:
13	627.672  Definitions.--For the purposes of ss. 627.671-
14	627.671-627.675:
15	(1)  A "Medicare supplement policy" is a health insurance
16	policy or other health benefit plan offered by a private entity
17	to individuals who are entitled to have payments for health care
18	costs made under Medicare, Title XVIII of the Social Security
19	Act ("Medicare"), as presently constituted and as may later be
20	amended, which provides reimbursement for expenses incurred for
21	services and items for which payment may be made under Medicare
22	but which expenses are not reimbursable by reason of the
23	applicability of deductibles, coinsurance amounts, or other
24	limitations imposed by Medicare. The term does not include any
25	such policy or plan of one or more employers that have at least
26	50 employees at issue or labor organizations, or of the trustees
27	of a fund established by one or more employers or labor
28	organizations, or a combination thereof, for employees or former
29	employees, or a combination thereof, or for members or former
30	members, or a combination thereof, of the labor organizations
31	if, upon termination of eligibility, group members age 65 or
32	older are offered continuation of coverage under the group plan
33	or a conversion policy with the same benefits as a Medicare
34	supplement policy.
35	Section 2.  This act shall take effect July 1, 2007.

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