MO HB1026

Expands the definition of "health insurance policy" to include all insurance policies or contracts providing long-term disability benefits, subjecting them to mental health parity requirements.

Defines "mental illness" to include specific disorders classified in the International Classification of Diseases (ICD-9-CM), including schizophrenia, major depression, bipolar disorder, anxiety disorders, eating disorders, and substance abuse.

Requires that any out-of-pocket limits under a policy be comprehensive and apply equally to both mental illness and physical health conditions.

Clarifies that "rate, term, or condition" includes lifetime limits, annual payment limits, episodic limits, and service limits, but excludes deductibles, co-payments, and coinsurance before reaching maximum out-of-pocket limits.