Bill
Bill > HB1247
summary
Introduced
02/06/2020
02/06/2020
In Committee
02/18/2020
02/18/2020
Crossed Over
Passed
Dead
03/30/2020
03/30/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act to create the medical reinsurance program and to make an appropriation therefor.
AI Summary
This bill establishes the medical reinsurance program in the Division of Insurance in South Dakota. The program will provide reinsurance payments to insurers of eligible individual health benefit plans that exceed an attachment point, with the amount of the payment based on a coinsurance rate and subject to a reinsurance cap. The bill also requires an actuarial review of the program, allows the state to apply for federal pass-through funding, and imposes an annual assessment on insurers to fund the program, starting in 2022. The Department of Labor and Regulation is authorized to promulgate rules to implement the program.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Joint Committee on Appropriations Tabled, Passed, YEAS 12, NAYS 2. (on 02/26/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://sdlegislature.gov/Legislative_Session/Bills/Bill.aspx?Bill=1247&Session=2020 |
| BillText | https://mylrc.sdlegislature.gov/api/Documents/66673.pdf |
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