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PA HB1343

PA HB1343
In regulation of insurers and related persons generally, providing for notification requirements for older adult health insurance policies.


summary

Introduced
06/09/2023
In Committee
06/09/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

Amending Title 40 (Insurance) of the Pennsylvania Consolidated Statutes, in regulation of insurers and related persons generally, providing for notification requirements for older adult health insurance policies.

AI Summary

This bill amends the Pennsylvania Consolidated Statutes to add a new chapter requiring insurers to notify the agent named in an older adult's power of attorney when the older adult enrolls in or cancels a health insurance policy. The bill defines an "older adult" as an individual aged 60 or older who is a Pennsylvania resident. Insurers must ask older adults if they have a power of attorney for health care decisions and collect the agent's contact information, then notify the agent when the older adult enrolls in or cancels a policy. The older adult has a 30-day right to rescind the enrollment or cancellation without penalty if an agent is notified. The new chapter applies to health insurance enrollments and cancellations by older adults after the bill's effective date.

Committee Categories

Business and Industry

Sponsors (8)

Last Action

Referred to INSURANCE (on 06/09/2023)

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