Bill > LD1260

This bill amends Maine's insurance laws to regulate short-term, limited-duration health insurance plans. Key provisions include: 1. Defining "short-term, limited-duration policy" as a non-renewable individual policy that does not extend beyond December 31st of the calendar year in which it is issued. 2. Requiring insurers to provide specific disclosures about the plan's benefits, limits, exclusions, and how it compares to a qualified health plan under the Affordable Care Act. 3. Restricting the issuance of short-term policies to in-person encounters and prohibiting their active marketing during open enrollment periods, except for policies that terminate on December 31st. 4. Mandating that insurers assess an individual's eligibility for premium tax credits or cost-sharing reductions for Affordable Care Act plans and provide an estimate of the cost. 5. Requiring insurers to provide written notices about the limited nature of short-term plans and information about open enrollment periods. 6. Applying these new requirements to all short-term, limited-duration health insurance policies issued or renewed in Maine on or after January 1, 2020.

Health and Social Services

http://legislature.maine.gov/legis/bills/display_ps.asp?LD=1260&snum=129