KS SB474

Establishes the Kansas Short-Term Limited Duration Insurance Act, defining short-term insurance plans as policies with terms up to 364 days, renewable for up to 36 months, and requiring a minimum annual coverage limit of $2,000,000

Requires short-term plans to cover ambulatory patient services, hospitalization, emergency services, and laboratory services, with preferred provider networks meeting federal network adequacy standards under 45 C.F.R. § 156.230

Mandates insurers provide written disclosures in bold 12-point type that short-term plans do not include all 10 essential health benefits required under the Affordable Care Act, with applicant signature required

Prohibits insurers from charging higher premiums based on health status-related factors, while permitting premium discounts for participation in health promotion and disease prevention programs

Authorizes the Commissioner of Insurance to adopt rules and regulations to implement the act and amends K.S.A. 40-2,193 to align existing specially designed policy definitions with the new short-term insurance requirements