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IN SB0417
Bill
Status
1/12/2015
Primary Sponsor
Karen Tallian
Click for details
AI Summary
Senate Bill 417 Summary
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Establishes the Indiana health exchange to facilitate purchase of qualified health plans by individuals and small businesses, effective July 1, 2015.
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Requires the insurance commissioner to design, implement, and administer the exchange in accordance with federal law, with federal certification to be applied for by January 1, 2016.
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Exchange must make qualified health plans available to qualified individuals and employers by January 1, 2018, and provide services including toll-free hotline, website with plan comparisons, navigator support, and Medicaid eligibility screening.
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Health plans seeking certification must provide essential health benefits, meet premium and cost-sharing limits, obtain commissioner approval, and comply with disclosure requirements regarding claims, enrollment, denials, and rating practices.
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Exchange must maintain financial integrity through accurate accounting, annual reporting to federal and state officials, and restrictions prohibiting funds from being used for staff retreats, promotional giveaways, excessive executive compensation, or lobbying activities.
Legislative Description
Indiana health exchange. Establishes the Indiana health exchange. Requires the commissioner of the department of insurance to design, implement, and administer the Indiana health exchange in accordance with federal law. Specifies certain exchange related requirements, including financial requirements and health plan certification requirements.
Last Action
First Reading: referred to Committee on Appropriations
1/12/2015