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MO HB716
Bill
Status
1/28/2015
Primary Sponsor
Jeanne Kirkton
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AI Summary
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Department of Insurance, Financial Institutions and Professional Registration must conduct an actuarial analysis of cost impacts if Missouri mandated insurance coverage for hearing instruments and related fitting services
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Coverage parameters for the analysis include a minimum of $1,500 per hearing aid every five years for adults (18+) and every three years for minors, with devices prescribed by an audiologist or hearing instrument specialist
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Analysis must assess impacts on health carriers, insureds with health benefit plans, and other private and public payers, assuming no greater deductibles or co-payments than other health services
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Report due to legislative leadership and relevant committee chairs by December 31, 2016
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Provisions of this section expire on December 31, 2016
Legislative Description
Requires an actuarial analysis of the cost impact of providing hearing aid insurance coverage to be conducted by the Department of Insurance, Financial Institutions and Professional Registration
Last Action
Referred: Property, Casualty, and Life Insurance(H)
5/15/2015