R590-146-23. Prohibition Against Preexisting Conditions, Waiting Periods, Elimination Periods, and Probationary Periods in Replacement Policies or Certificates

(1) If a Medicare supplement insurance policy or certificate replaces another Medicare supplement insurance policy or certificate, the replacing issuer shall waive any time periods applicable to a preexisting condition, a waiting period, an elimination period, or a probationary period in the new Medicare supplement policy or certificate to the extent the time was spent under the original policy. (2) If a Medicare supplement insurance policy or certificate replaces another Medicare supplement insurance policy or certificate that is in effect for at least six months, the replacing policy may not provide any time period applicable to a preexisting condition, a waiting period, an elimination period, or a probationary period for a benefit similar to those contained in the original policy or certificate.