Reporting of Multiple Medicare Supplement Policies

April 11, 2016 Bulletin 226 REPORTING OF MULTIPLE MEDICARE SUPPLEMENT POLICIES This Bulletin is directed to all issuers, as defined at IC 27-8-13-7.3, writing Medicare supplement policies, as defined at IC 27-8-13-3. The purpose ofthis Bulletin is to clarify when an issuer is required to notify the IDOI ofduplicative Medicare supplement policies. 760 IAC 3-18-l(e) requires issuers to report to the IDOI, before March 2 of each year, the policy and certificate number and date ofissuance for every individual resident ofthis state for which the issuer has in force more than one Medicare supplement policy or certificate. The IDOI interprets the rule to require reporting only when an individual has multiple policies and the dates of coverage in those policies overlap. Submitting the form provided under 760 IAC 3-18-1 (g) is not required when an individual purchases a new or replacement policy, and the new policy goes into effect after termination ofthe old policy. Additionally, the form need not be submitted when an issuer has no duplicate policies. As ofthe date ofthis filing, the report required by 760 IAC 3-18-1 should be submitted electronically to compliance@idoi.IN.gov. Questions regarding this Bulletin should be directed to Bobbi Henn, Health Policy Analyst, at (317) 232-5693 or bhenn@idoi.in.gov. Stephen Insurance Commissioner