AR SB309

Lowers the age for colorectal cancer screening coverage from 50 to 45 years old for all individuals in healthcare policies.

Defines "follow-up colonoscopy" as a colonoscopy performed after a positive result on a non-colonoscopy screening test that receives a grade of "A" or "B" from the United States Preventive Services Task Force.

Requires healthcare policies to cover all screening examinations and tests assigned grades of "A" or "B" by the United States Preventive Services Task Force, rather than listing specific tests.

Eliminates cost-sharing requirements (deductibles, coinsurance) for follow-up colonoscopies performed after abnormal non-colonoscopy screening tests, effective January 1, 2022.

Updates Medicare reimbursement rate reference from January 1, 2005 to January 1, 2021, and makes the act effective January 1, 2022.