MEDICARE SUPPLEMENT OPEN ENROLLMENT

SB 80 requires New Mexico insurance companies selling Medicare supplement policies to offer an annual open enrollment period starting on each eligible policyholder's birthday month and lasting at least 60 days. This directly affects seniors aged 65+ who have Medicare supplement insurance in New Mexico, allowing them to switch plans without health-based denial, price discrimination, or delays. During this window, insurers must notify policyholders 30-60 days in advance about their enrollment dates and rights. The bill prohibits insurers from using health status, medical history, or claims experience to deny coverage or adjust premiums during this period.