Bill 119 HR 610, also known as the Medicare Supplemental Health Insurance Reform Act, aims to make changes to Medicare supplemental health insurance policies under Title XVIII of the Social Security Act. The bill seeks to implement reforms that will impact how these policies function.
One of the key provisions of the bill is to establish a standardized benefit structure for Medicare supplemental health insurance policies. This means that all insurance companies offering these policies would have to adhere to a set of standardized benefits, making it easier for consumers to compare different plans and understand what is covered.
Additionally, the bill includes measures to address issues related to cost-sharing and out-of-pocket expenses for Medicare beneficiaries. It aims to limit the amount that beneficiaries have to pay for certain services, such as copayments and deductibles, in order to make healthcare more affordable for seniors.
Furthermore, the bill includes provisions to improve transparency and consumer protections in the Medicare supplemental health insurance market. This includes requirements for insurance companies to provide clear and accurate information to consumers about their policies, as well as measures to prevent deceptive marketing practices.
Overall, Bill 119 HR 610 seeks to make important reforms to Medicare supplemental health insurance policies in order to improve access to healthcare for seniors and ensure that they are able to afford the care they need. It will be important to monitor the progress of this bill as it moves through the legislative process to see how these reforms may impact Medicare beneficiaries.