AZ HB2375

Amends section 20-1379 of Arizona Revised Statutes to clarify that short-term limited duration insurance is creditable coverage and modifies the definition of "individual health insurance coverage" to exclude short-term limited duration insurance.

Adds new section 20-1384 requiring all short-term limited duration insurance policies issued, delivered, or renewed in Arizona to display a federal disclosure notice in at least 14-point type on the policy's fact page and in application materials.

Requires the federal notice to inform consumers that the coverage is not required to comply with certain Affordable Care Act market requirements and to alert them to potential exclusions, limitations, lifetime or annual dollar limits, and preexisting condition restrictions.

Mandates that health care insurers provide notice to insured individuals before the expiration of short-term limited duration insurance that the policy is expiring or needs to be renewed.

Defines "short-term limited duration insurance" as health insurance coverage offered by a health care insurer that is not subject to state health coverage mandates, has an expiration date less than 12 months from the original effective date, and does not exceed 36 months when accounting for renewals or extensions.