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House Co-Sponsorship Memoranda
House of Representatives
Session of 2021 - 2022
Regular Session
MEMORANDUM
| Posted: | March 8, 2021 04:04 PM |
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| From: | Representative Mark Longietti |
| To: | All House members |
| Subject: | Medicare Insurance Premium Reimbursement |
| Under current Pennsylvania law, insurance companies are not required to refund the balance of premiums when a consumer changes insurance providers in order to save money. As a result, the savings generated by the switch to a different provider are negated by the loss of the premiums paid to the consumer’s previous company. Why should consumers pay for a service or product that was dropped? To ensure consumers get the full benefit of switching insurance providers, I will be introducing legislation amending the Medicare Supplement Insurance Act of 1982 to require insurers to refund the balance of any premium paid under a Medicare supplement policy upon receipt of proof from the insured that other coverage has been obtained. Please consider joining me in sponsoring this important legislative initiative. |
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| View Attachment | ||
Introduced as HB1524