State senator proposes Medicare bill for stricter sales guidelines - Columbia Missourian

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BY Brian Krebs

Insurance companies could face tougher state rules in selling Medicare under a measure presented to the Senate committee Tuesday.

Sen. Norma Champion, R-Springfield, is sponsoring the bill.

The bill has two main objectives, Champion told the Small Business, Insurance and Industry Committee. While many insurance companies already refund any prepaid premiums upon cancellation, the bill would mandate such action for Medicare supplement policies and any long-term insurance policies. Seniors often want to pay their premiums ahead of time, Champion said.

Catherine Edwards of Area Agency on Aging testified that the bill was a matter of equity and fairness to Missouri seniors.

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