IN HB1037

Requires the Indiana insurance commissioner to consider whether health insurance products are affordable and whether insurers have implemented effective strategies to enhance affordability before approving or disapproving rate changes

Authorizes the commissioner to disapprove premium rate increases for accident and sickness insurance and HMO contracts that exceed the Consumer Price Index for All Urban Consumers (All Items Less Food and Energy) plus 1%

Directs the commissioner to discharge duties to protect public and consumer interests, encourage fair treatment of providers, and advance public welfare through efficiency, affordability, improved health care quality, and appropriate access

Applies to both accident and sickness insurance policies and health maintenance organization contracts

Effective date: July 1, 2026