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AR SB664

Bill

Status

Passed

4/29/2021

Primary Sponsor

Greg Leding

Click for details

Origin

Senate

93rd General Assembly (2021 Regular)

AI Summary

  • Adds Arkansas Code § 23-79-164 to define "health savings account-qualified health insurance policy" as individual or group health insurance coverage meeting the criteria for a high deductible health plan under 26 U.S.C. § 223 as of January 1, 2021

  • Exempts health savings account-qualified health insurance policies from state law prohibitions on cost-sharing requirements for covered benefits to the extent necessary to maintain high deductible health plan status

  • Excludes preventive care from the exemption, requiring such coverage to comply with United States Department of Treasury regulations and guidance under 26 U.S.C. § 223 as of January 1, 2021

  • Approved on April 27, 2021

Legislative Description

To Exempt Health Savings Account-qualified Health Insurance Policies From Certain Insurance Requirements; And To Clarify The Coverage Of Diagnostic Examinations For Breast Cancer Under Certain Plans.

Last Action

Notification that SB664 is now Act 939

4/29/2021

Committee Referrals

Insurance and Commerce4/20/2021
Insurance & Commerce4/8/2021

Full Bill Text

No bill text available