Bill > SB2757

This bill repeals existing prohibitions against short-term, limited-duration health insurance, effectively allowing these types of policies to be offered in Illinois. It makes conforming changes to other related insurance laws, including the Health Maintenance Organization Act and the Limited Health Service Organization Act, to reflect this change. Additionally, the bill reenacts the Short-Term, Limited-Duration Health Insurance Coverage Act, which outlines specific rules for these policies, such as requiring them to have an expiration date of less than 181 days and not be renewable within 365 days of their end. These policies must also prominently display a notice stating they do not meet all federal requirements for minimum essential coverage under the Affordable Care Act and do not cover pre-existing conditions.

Business and Industry

https://www.ilga.gov/Legislation/BillStatus?DocNum=2757&GAID=18&DocTypeID=SB&SessionID=114&GA=104