Healthcare (Seniors)

SB 21 requires New Mexico Medicare supplement insurers to offer annual open enrollment periods for seniors. It directly affects residents aged 65+ with Medicare supplement policies (Medigap) in New Mexico. The bill mandates that each eligible policyholder receives a 60-day enrollment window starting the first day of their birthday month, during which they can switch to policies of equal or lesser value without health-based denial, discrimination, or preexisting condition exclusions. Insurers must also notify policyholders 30-60 days before the window opens about their rights and policy changes.