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IL HB2613

IL HB2613
INS-SHORT TERM INS/EXPIRATION


summary

Introduced
02/15/2023
In Committee
04/05/2024
Crossed Over
Passed
Dead
01/08/2025

Introduced Session

103rd General Assembly

Bill Summary

Amends the Short-Term, Limited Duration Health Insurance Coverage Act. Provides that any short-term, limited duration health insurance coverage policy that is delivered or issued for delivery in the State must have an expiration date in the policy that is less than 181 days after the effective date or December 31 of the current year, whichever is later (rather than must have an expiration date in the policy that is less than 181 days after the effective date).

AI Summary

This bill amends the Short-Term, Limited Duration Health Insurance Coverage Act in Illinois. It provides that any short-term, limited-duration health insurance policy delivered or issued in the state must have an expiration date that is less than 181 days after the effective date or December 31 of the current year, whichever is later. This changes the previous requirement that the expiration date be less than 181 days after the effective date. The bill also maintains provisions that these policies cannot be renewable or extendable within 365 days after the individual's coverage ends, and that policyholders must have the option to cancel coverage after any 30-day interval during the plan term.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Session Sine Die (on 01/07/2025)

bill text


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