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Bill > SB1296


TX SB1296

TX SB1296
Relating to the authority of the commissioner of insurance to review rates and rate changes for certain health benefit plans.


summary

Introduced
03/09/2021
In Committee
05/12/2021
Crossed Over
04/29/2021
Passed
05/28/2021
Dead
Signed/Enacted/Adopted
06/16/2021

Introduced Session

87th Legislature Regular Session

Bill Summary

Relating to the authority of the commissioner of insurance to review and disapprove rates and rate changes for certain health benefit plans.

AI Summary

This bill relates to the authority of the commissioner of insurance to review and disapprove rates and rate changes for certain health benefit plans, including individual major medical expense insurance policies, individual health maintenance organization coverage, and small employer health benefit plans. The bill establishes a process for the commissioner to review these health benefit plan rates and rate changes for compliance with state and federal law. It also allows the commissioner to consider additional factors when reviewing rates for individual health benefit plans, including qualified health plans under the Affordable Care Act. The bill takes effect on September 1, 2021 and applies to health benefit plan coverage delivered, issued for delivery, or renewed on or after January 1, 2023.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Effective on 9/1/21 (on 06/16/2021)

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