HB 1256 Summary

• Requires insurers issuing individual accident and sickness insurance policies in Indiana to continue accepting new risks into at least one policy for a minimum of 5 years after the policy is first issued.

• Excludes specific insurance types from this requirement: accident-only, credit, dental, vision, Medicare supplement, long-term care, disability income, auto medical payment, specified disease, and worker's compensation insurance.

• Excludes short-term plans (6 months or less, non-renewable), indemnity-based policies not requiring expense documentation, student health plans, and supplemental plans that pay in addition to other coverage.

• Excludes employer-sponsored health benefit plans for Medicare-eligible individuals that are not marketed as Medicare supplement policies.

• Effective July 1, 2011.