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DE SB131
Bill
Status
6/11/2013
Primary Sponsor
Harris McDowell
Click for details
AI Summary
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Establishes Chapter 52C of Delaware Code to create a voluntary supplemental insurance program for eligible state employees.
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Requires participating employees to pay 100% of premiums for supplemental coverage with no cost to the State.
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Mandates supplemental insurance carrier must be licensed in Delaware, ranked in Fortune 200, possess minimum assets of $40 billion, and maintain minimum claims loss ratio of 50%.
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Requires supplemental policies to cover accidents, cancer, and critical care/recovery as mandatory benefits, with dental, vision, and short-term disability as optional benefits.
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Makes supplemental insurance available during mid-year open enrollment in fourth quarter 2013, with coverage effective January 1, 2014.
Legislative Description
An Act To Amend Title 29 Of The Delaware Code Relating To Supplemental Insurance Benefits.
Last Action
Amendment SA 2 - Introduced and Placed With the Bill in Senate
6/26/2013