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SB 267

AN ACT RELATING TO INSURANCE -- MEDICARE SUPPLEMENT INSURANCE POLICIES

2025 Regular Session Introduced by Sam Bell and 8 co-sponsors

SB 267 modifies Rhode Island's regulation of Medicare supplement insurance policies affecting senior healthcare coverage and costs, currently under committee review.

04/03/2025 Committee recommended measure be held for further study
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WeVote Research Nonpartisan
Bill Summary · SB 267

Legislative bill overview

SB 267 modifies Rhode Island's regulation of Medicare supplement insurance policies, which are supplemental plans that help cover costs not paid by Medicare. The bill adjusts requirements or standards governing how these policies are sold, priced, or administered in the state. Specific provisions are not detailed in the available action history, but the measure targets the Medicare supplement insurance market.

Why is this important

Medicare supplement insurance affects hundreds of thousands of seniors nationwide and thousands in Rhode Island who rely on these policies to manage healthcare costs. Changes to state regulation of these policies directly impact premium affordability, coverage protections, and seniors' financial security during retirement.

Potential points of contention

  • Consumer protection balance: Stricter regulations may protect seniors but could increase administrative costs that insurers pass to consumers through higher premiums
  • Market access: Regulatory changes might limit available plan options or discourage insurers from offering policies in Rhode Island, reducing consumer choice
  • Implementation timeline: Insurers and brokers may need significant time to comply with new requirements, creating transition costs and potential service disruptions

Compiled from official sources — confirm details with the bill’s official record.

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