[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1416 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                S. 1416

To amend title XVIII of the Social Security Act to increase the minimum 
                loss ratio required of Medigap policies.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 26, 2011

Mr. Kerry (for himself and Mr. Franken) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend title XVIII of the Social Security Act to increase the minimum 
                loss ratio required of Medigap policies.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Medigap Medical Loss Ratio 
Improvement Act of 2011''.

SEC. 2. INCREASE IN REQUIRED MEDIGAP LOSS RATIO.

    (a) In General.--Section 1882(r)(1)(A) of the Social Security Act 
(42 U.S.C. 1395ss(r)(1)(A)) is amended--
            (1) by striking ``75 percent'' and inserting ``85 
        percent''; and
            (2) by striking ``65 percent'' and inserting ``80 
        percent''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to policies for policy years beginning on or after January 1, 
2014.
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