NAC687B.330. Provision of new or innovative benefits.

     1. An issuer may, with the prior approval of the Commissioner, offer a policy to supplement Medicare or a certificate with new or innovative benefits in addition to the benefits required by NAC 687B.290 to 687B.321, inclusive. The new or innovative benefits may include benefits that are:

     (a) Appropriate to supplement Medicare;

     (b) Not otherwise available;

     (c) Cost-effective; and

     (d) Offered in a manner that is consistent with the goal of simplifying policies to supplement Medicare.

     2. After December 31, 2005, an innovative benefit must not include an outpatient prescription drug benefit.

     (Added to NAC by Comm’r of Insurance, 7-16-92, eff. 7-30-92; A by Div. of Insurance by R078-05, 11-17-2005, eff. 9-8-2005 for Plans K and L, and 1-1-2006 for Medicare Part D Prescription Drug Benefit)