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02/19/2020 02:54 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20170&cosponId=21801
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House of Representatives
Session of 2017 - 2018 Regular Session

MEMORANDUM

Posted: January 5, 2017 02:22 PM
From: Representative Mark Longietti
To: All House members
Subject: Re-Introduction of House Bill 961 – Insurance Premium Reimbursement
 
In the near future, I intend to re-introduce legislation requiring 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.

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?

My legislation amends 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. By requiring insurance companies to refund premiums, consumers can realize true savings when changing insurance companies.

Please consider joining me in sponsoring this important legislation.

Previous Co-Sponsors: Harkins, Cohen, Kotik, McNeill, Thomas, Bradford and Murt

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Introduced as HB734