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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
Medicare Advantage/Part D
State | Bill Number | Status | Summary |
|---|---|---|---|
DE | Movement | Repeals the option of providing health care insurance to state pensioners under Medicare Part C | |
MS | Movement | Prohibit Issuers of Medicare Advantage From Making Telephone Solicitations |
Medicare Supplement
State | Bill Number | Status | Summary |
|---|---|---|---|
IL | Movement | Amends annual OE period- birthday rule to include the individual may also purchase a plan from any affiliate authorized in the state offering equal or lesser benefits | |
CA | Movement | Beginning January 1, 2025, introduces 90-day annual open enrollment period beginning on January 1 of each year |
Dental
State | Bill Number | Status | Summary |
|---|---|---|---|
IL | Movement | Beginning January 1, 2025, requires annual dental loss ratio filing submission. Provides a formula for calculating minimum dental loss ratios, and provides minimum requirements. | |
LA | Movement | Establishes Dental Loss ratio standards and requires carriers to submit a report annually by June 30, starting in 2025. |
STLDI
State | Bill Number | Status | Summary |
|---|---|---|---|
IL | Movement | Provides that no company shall issue, deliver, amend, or renew short-term, limited-duration insurance after Jan 1, 2025. Defines short-term, limited duration insurance as having an expiration date fewer than 365 days after the effective date. |
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!