Raised Bill No. 337 - Summary

• Requires health carriers offering qualified high deductible health plans to apply annual deductibles on a policy year (calendar year) basis effective January 1, 2021, with exceptions for plans used with health savings accounts or Archer MSAs.

• Mandates health care providers to refund to insured patients any coinsurance, copayment, deductible, or out-of-pocket expenses collected that exceed the amount allowed under the policy within three business days of receiving reimbursement.

• Requires qualified health plans offered through Connecticut Health Insurance Exchange at silver level to cover 10 specific medications and treatments (including ACE inhibitors, statins, insulin, and antidepressants), maintain minimum 70% actuarial value, and provide access to broadest available provider network effective July 1, 2020.

• Prohibits life insurance companies from discriminating on the basis of sexual orientation or gender identity in premiums, rates, rebates, or policy conditions, effective October 1, 2020.

• Makes conforming changes to multiple insurance statutes regarding high deductible health plan deductible limits and cost-sharing requirements for various covered benefits to align with federal Internal Revenue Code provisions.