Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.14-525.Restrictions on denying, conditioning, or discriminating in pricing of Medicare supplement policies for applicants who meet requirements relating to age, health conditions, and enrollment

1. Means a person who is:

2. Includes persons entitled to benefits under 42 U.S.C. sec. 426(b) or 426-1, as amended; and

1. First, multiply the premium rate for each age band, age sixty-five (65) and over, by the number of Kentucky insureds in-force in that age band to arrive at the total Kentucky premium for each age band age sixty-five (65) and over;

2. Then, calculate the sum of the Kentucky premium for all age bands age sixty-five (65) and over to arrive at the total Kentucky premium for all age bands age sixty-five (65) and over;

3. Then, calculate the sum of the Kentucky insureds in-force for all age bands age sixty-five (65) and over to arrive at the total number of Kentucky insureds in-force for all age bands age sixty-five (65) and over; and

4. Last, divide the total determined under subparagraph 2. of this paragraph by the total determined under subparagraph 3. of this paragraph to arrive at the weighted average aged premium rate.

1. Sixty-five (65) years of age or older; and

2. Timely enrolled for benefits under Medicare Part B without penalty under federal law;

1. Submits an application for the policy prior to or during the six (6) month period beginning on the first day of the first month in which the non-age eligible person is enrolled for benefits under Medicare Part B; or

2. Satisfies both of the following requirements:

1. At the time the application is submitted, the applicant is insured under a Medicare supplement policy;

2. The application for the policy is submitted:

3. The applicant seeks to maintain the same Medicare supplement plan.

1. The applicant shall not be charged more than the weighted average aged premium rate for the policy;

2. The insurer shall demonstrate compliance with subparagraph 1. of this paragraph; and

3. The policy shall not contain any waiting period or pre-existing condition limitation or exclusion.