Loading chat...
IN HB1590
Bill
Status
1/22/2019
Primary Sponsor
Dale DeVon
Click for details
AI Summary
-
Requires the Indiana Department of Insurance to adopt rules defining "short term insurance plan" as health coverage with an expiration date less than 12 months after the original effective date
-
Allows short term health insurance plans to be renewed for up to 36 months or the maximum period permitted under federal law, whichever is greater
-
Changes the duration threshold for short term plans from "not more than six months" to "less than twelve months" across multiple sections of Indiana insurance code
-
Maintains exemptions for short term health insurance plans from standard accident and sickness insurance policy requirements, including mental health parity provisions and various coverage mandates
-
Effective date of July 1, 2019; amends IC 27-1 and IC 27-8 (Indiana insurance statutes)
Legislative Description
Short term health insurance plans. Requires the department of insurance to adopt rules to define a short term health insurance plan as a contract with an expiration date less than 12 months after the original effective date of the contract and renewals for not more than the greater of 36 months or the maximum period permitted under federal law. Amends current provisions exempting short term health insurance from accident and sickness insurance policy requirements to provide for the greater of 36 months or the maximum number of renewals allowed by federal law, and a duration of less than 12 months.
Last Action
First reading: referred to Committee on Insurance
1/22/2019