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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 Supplement
State | Bill/Notice 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 and deletes exclusion of otherwise qualified applicants who have end stage renal disease, making the specified Medicare supplement benefit plans available to those individuals. | |
RI | Movement | Medicare Part B special enrollment period for end of federal health emergency not allowing for exclusion on pre-existing conditions or discrimination in pricing |
Dental
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
IL | Movement | Amended to exclude annual dental loss ratio filing submission, formula for calculating minimum dental loss ratios, and minimum requirements included in previous version | |
LA | Movement | Establishes Dental Loss ratio standards and requires carriers to submit a report annually by June 30, starting in 2025 |
Other
State | Bill/Notice 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!