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IN HB1631
IN HB1631Short term insurance plans. Specifies certain coverage and disclosures that must be provided with respect to a short term insurance plan, including renewal, without underwriting, for the greater of 36 months or the maximum period permitted under federal law, a term of not more than 364 days, and an annual limit of at least $2,000,000. Specifies requirements for preferred provider organizations used with short term insurance plans. Makes conforming amendments.
summary
Introduced
01/24/2019
01/24/2019
In Committee
04/11/2019
04/11/2019
Crossed Over
02/20/2019
02/20/2019
Passed
04/17/2019
04/17/2019
Dead
Signed/Enacted/Adopted
05/06/2019
05/06/2019
Introduced Session
2019 Regular Session
Bill Summary
Short term insurance plans. Specifies certain coverage and disclosures that must be provided with respect to a short term insurance plan, including renewal, without underwriting, for the greater of 36 months or the maximum period permitted under federal law, a term of not more than 364 days, and an annual limit of at least $2,000,000. Specifies requirements for preferred provider organizations used with short term insurance plans. Makes conforming amendments.
AI Summary
This bill specifies certain coverage and disclosure requirements for short-term insurance plans in Indiana. Key provisions include:
- Requiring short-term plans to be renewable for the greater of 36 months or the maximum period permitted under federal law, with a term of no more than 364 days and an annual limit of at least $2 million.
- Specifying requirements for the preferred provider organizations used with short-term plans, including that they meet network adequacy standards.
- Requiring insurers to disclose to applicants that short-term plans do not cover the essential health benefits required under the Affordable Care Act and that enrolling in ACA-compliant coverage may be done during the next open enrollment period.
- Prohibiting insurers from conditioning enrollment or renewal of short-term plans on health status-related factors.
The bill also makes conforming amendments to various sections of the Indiana Code related to the regulation of accident and sickness insurance policies.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Public Law 288 (on 05/06/2019)
Official Document
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