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Legislative Year: 2024 Change
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Bill Detail: HB24-1258

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Title Credit Covered Person Expenses Insurer Insolvency
Status Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole (04/12/2024)
Bill Subjects
  • Health Care & Health Insurance
House Sponsors K. Brown (D)
A. Boesenecker (D)
Senate Sponsors D. Roberts (D)
House Committee Health and Human Services
Senate Committee Health and Human Services
Date Introduced 02/13/2024
Summary

For small group and individual health benefit plans, if an
individual who is entitled to receive benefits or services under a health
benefit plan has incurred any out-of-pocket expenses, including payments
for a deductible or other coinsurance amount, under the health benefit
plan during a plan year, and the individual's health insurance carrier exits
the health insurance market and can no longer provide coverage to the
individual, the bill requires the individual's new health insurance carrier
to credit all of the out-of-pocket expenses paid by the individual in
accordance with the original health benefit plan in the given plan year to
the new health benefit plan if the individual enrolls in the new health
benefit plan in the established special enrollment period.
The bill grants rule-making authority to the commissioner of
insurance.

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