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OK SB1466
Bill
AI Summary
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Amends calculation of state employee flexible benefit allowance to use the median amount between HealthChoice High Option premium and an HMO plan with equivalent actuarial value, rather than just the HealthChoice High Option premium alone
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Requires the Oklahoma Employees Insurance and Benefits Board to offer HMO plans with the same actuarial value as the highest-level preferred provider organization plan
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Mandates that benefit plan contracts include a risk adjustment factor based on a comprehensive medical and pharmacy model to account for adverse selection in Oklahoma
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Maintains 75% employer contribution toward HealthChoice High Option premium for dependent coverage (spouse, children, or combinations thereof)
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Effective date of November 1, 2016
Legislative Description
Health insurance; modifying flexible benefit allowance; modifying election of benefit plans. Effective date.
Last Action
Motion expired
3/10/2016