Bill
Bill > SB227
summary
Introduced
01/10/2024
01/10/2024
In Committee
01/10/2024
01/10/2024
Crossed Over
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
2024 Regular Session
Bill Summary
Prohibiting a carrier from canceling an individual health benefit plan if a policyholder has made a premium payment before the end of the grace period, the amount of the premium payment made is less than the aggregate amount of the net monthly premium due as of the date of the payment, the amount of the deficiency is $10 or less, and the policyholder pays the remainder of the net monthly premium due within 30 days after a written notice of the deficiency is sent by the carrier.
AI Summary
This bill prohibits a health insurance carrier from canceling an individual health benefit plan if the policyholder has made a premium payment before the end of the grace period, the amount of the payment is less than the total net monthly premium due, the deficiency is $10 or less, and the policyholder pays the remainder within 30 days of receiving a written notice from the carrier. However, the carrier can cancel the policy if the policyholder does not make the full net monthly premium payment more than three times in a policy year. The bill takes effect on October 1, 2024.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Finance (Senate)
Last Action
Withdrawn by Sponsor (on 02/19/2024)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0227?ys=2024RS |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/sb0227_fin.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0227f.pdf |
Loading...