LAC 37:XIII.501. Purpose

A. The purpose of this regulation is: 1. to provide for the reasonable standardization of coverage and simplification of terms and benefits of Medicare supplement policies; 2. to facilitate public understanding and comparison of such policies; 3. to eliminate provisions contained in such policies which may be misleading or confusing in connection with the purchase of such policies or with the settlement of claims; and 4. to provide for full disclosures in the sale of accident and sickness insurance coverages to persons eligible for Medicare. 5. to incorporated Medigap policies that cover Part B deductibles to “newly eligible” Medicare beneficiaries defined as those individuals who: a. have attained age 65 on or after January 1, 2020; or b. first become eligible for Medicare due to age, disability or end-stage renal disease, on or after January 1, 2020.