Plain English Breakdown
The official source does not provide details on the exact nature or content of existing studies or data related to the removed requirement, nor does it specify if there are other parts of Tennessee’s laws that might still refer to this study requirement.
Removing an Old Study Requirement for Medicare Supplement Policies
This bill removes a requirement that was no longer needed for studying separate premium rates for people under 65 years old who have Medicare supplement policies.
What This Bill Does
- Removes the need for the Department of Commerce and Insurance to study whether medicare supplement policy premiums should be rated separately for populations younger than 65 years old.
Who It Names or Affects
- The Department of Commerce and Insurance in Tennessee
- Insurance companies offering Medicare supplement policies
Terms To Know
- Medicare Supplement Policies
- Health insurance plans that help pay for costs not covered by Original Medicare.
- Department of Commerce and Insurance
- A state agency responsible for regulating businesses, including insurance companies.
Limits and Unknowns
- The bill does not specify what happens to any existing studies or data related to the removed requirement.
- It is unclear if there are other parts of Tennessee’s laws that might still refer to this study requirement.