Iowa Admin. Code r. 191-37.33 - Prohibition against preexisting conditions, waiting periods, elimination periods and probationary periods in replacement policies or certificates

(1) Time credited from prior policy or certificate. If a Medicare supplement policy or certificate replaces another Medicare supplement policy or certificate, the replacing issuer shall waive any time periods applicable to preexisting conditions, waiting periods, elimination periods and probationary periods in the new replacing Medicare supplement policy or certificate to the extent such time was spent under the replaced policy.

(2) Similar benefits credited from prior policy or certificate. If a Medicare supplement policy or certificate replaces another Medicare supplement policy or certificate which has been in effect for at least six months, the replacing Medicare supplement policy or certificate shall not provide any time period applicable to preexisting conditions, waiting periods, elimination periods and probationary periods for benefits similar to those contained in the replaced policy or certificate.

Notes

Iowa Admin. Code r. 191-37.33

Amended by IAB April 10, 2019/Volume XLI, Number 21, effective 5/15/2019