HB1611 Summary

• Adds new Section 355b to Illinois Insurance Code requiring that deductibles and annual maximum out-of-pocket payment limits apply to the full term of a multi-year accident and health insurance policy rather than resetting each calendar year.

• Amends State Employees Group Insurance Act, Counties Code, Illinois Municipal Code, and School Code to require compliance with new Section 355b for state employees, county self-insured plans, municipal self-insured plans, and school employee insurance.

• Applies the annual payment limit requirement to Health Maintenance Organizations and Voluntary Health Services Plans by referencing Section 355b in their governing statutes.

• Covers group and individual accident and health insurance policies amended, delivered, issued, or renewed after the bill's effective date.

• Takes effect immediately upon becoming law.