20:06:13:17.02.  General standards for 1990 standardized Medicare supplement benefit plans. The following standards apply to Medicare supplement policies issued for delivery after July 16, 1992, and prior to June 1, 2010, and certificates and are in addition to all other requirements of this chapter:

          (1)  Indemnity for losses resulting from sickness must be on the same basis as losses resulting from an accident;

          (2)  Benefits designed to cover cost-sharing amounts under Medicare must be changed to coincide with changes in applicable Medicare deductible, copayment, or coinsurance amounts. Premiums may be modified to correspond with such changes.

          Source: 8 SDR 174, effective July 1, 1982; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 15 SDR 143, effective March 29, 1989; 16 SDR 174, effective May 2, 1990; transferred from § 20:16:13:17, 18 SDR 225, effective July 17, 1992; 35 SDR 183, effective February 2, 2009.

          General Authority: SDCL 58-17A-2.

          Law Implemented: SDCL 58-17A-2.