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- Insurance Regulatory Insights
Telos Actuarial brings you this week’s legislative and regulatory insurance insights from around the nation.
Bill “Status” is defined in the tables below by:
New: proposed law recently introduced for consideration by Legislature
Approved: passed by the Legislature and approved by the Governor
Movement: bill has progressed in legislative process
Fail: bill has died in committee or failed to pass
👀As a bonus this week, here’s a link to the notes from the NAIC Senior Issues Task Force meeting held in mid-July discussing Section 1557 of the ACA and the application of Non-Discrimination Rules to Medigap.👀
Fixed Indemnity / STLDI
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
IL | New | Describes impact of Illinois Public Act 103-0649 on the Federal Tri-Agency final rules regarding changes to STLDI plans. Public Act 103-0649 repeals the Short-Term, Limited-Duration Health Insurance Coverage Act (215 ILCS 190) and prohibits STLDI from being issued, delivered, amended, or renewed on or after January 1, 2025, in Illinois to any "natural or legal person." Also provides requirement for filing (via SERFF) of the Federal Notice for Hospital Indemnity or other Fixed Indemnity Insurance products issued, amended, or renewed, on or after January 1, 2025. | |
MT | (8/2/24) | New | Provides guidance and requirement for filing (via SERFF) of the Federal Notice for Hospital Indemnity or Other Fixed Indemnity Insurance products issued, amended, or renewed, on or after January 1, 2025. |
Medicare
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
All | Unpublished (Scheduled for 8/28/24) | Unpublished, final rule that revises the Medicare hospital inpatient prospective payment systems for operating and capital-related costs of acute care hospitals, makes changes relating to Medicare graduate medical education for teaching hospitals, and updates the payment policies and the annual payment rates for the Medicare prospective payment system for inpatient hospital services provided by long-term care hospitals. |
All Products
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
AR | New | Sets forth expectations for how Insurers should govern the development, acquisition, and use of AI technology. Also advises of the type of information and documentation that the Department may request during an investigation or examination regarding an Insurer's use of AI Systems. | |
MI | New | Sets forth expectations for how Insurers should govern the development, acquisition, and use of AI technology. Also advises of the type of information and documentation that the Department may request during an investigation or examination regarding an Insurer's use of AI Systems. |
Telos Actuarial’s team of experienced regulatory compliance professionals are ready to help YOU stay informed of legislative and regulatory changes. Reach out to us for more information!