Bill > HB503

This bill establishes requirements for short-term limited-duration insurance in the state of Montana. The key provisions include: - Defining short-term limited-duration insurance as coverage with an expiration date less than 91 days after the effective date, and which cannot be renewed or extended for 365 days after coverage ends. - Requiring issuers of short-term limited-duration insurance to accept every applicant, not deny coverage due to pre-existing conditions, and not limit or exclude coverage for pre-existing conditions. - Mandating specific disclosure requirements for these insurance plans, including a prominent notice that the coverage does not meet federal requirements for minimum essential coverage under the Affordable Care Act. - Requiring filing and approval of policy forms, as well as submission of sales and marketing materials, with the state insurance commissioner. - Authorizing the commissioner to adopt rules to implement these new requirements. - Applying these provisions to health maintenance organizations as well as traditional insurance companies. The bill aims to establish consumer protections around short-term limited-duration insurance, which can provide more limited coverage compared to comprehensive health plans.

Health and Social Services

http://laws.leg.mt.gov/legprd/LAW0210W$BSIV.ActionQuery?P_BILL_NO1=503&P_BLTP_BILL_TYP_CD=HB&Z_ACTION=Find&P_SESS=20191