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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
Short-Term Disability
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
OR | New | Provides updated guidance on the Division of Financial Regulation’s (DFR) expectations of insurers who write Short-Term Disability policies, in light of the recent implementation of the Paid Leave Oregon program. Effective December 1, 2024, insurers must submit updated plan documents for DFR approval within 18 months of the bulletin’s date or at renewal, whichever is earlier. When appropriate, insurers may file an endorsement notice included with their renewal. |
Medicare Supplement
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
NC | New | Due to the Tropical Storm Helene Disaster Declaration, the Department of Insurance is requesting insurers offering plans to North Carolina residents extend Medicare Supplement Open Enrollment Periods for at least 30 days from the date of expiration for Medicare beneficiaries whose Medicare Supplement open enrollment period would end on or after September 29, 2024, through October 31, 2024. |
Medicare Advantage / Part D
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
CMS | Final Guidance | CMS' final guidance for the second cycle of the Medicare Drug Price Negotiation Program and manufacturer effectuation of the maximum fair price in 2026 and 2027 for the implementation of the Inflation Reduction Act. |
All Products
State | Bill/Notice Number | Status | Summary |
|---|---|---|---|
WI | New | Effective November 4, 2024, the Office of the Commissioner of Insurance (OCI) is moving to a new location: 101 E. Wilson St. Madison, WI 53703 Insurers are expected to provide up-to-date contact information on forms where the address appears. | |
NC | New | Due to the Tropical Storm Helene Disaster Declaration, the Department of Insurance is requesting insurers offering plans to North Carolina residents to defer time limits and immediately suspend pharmacy audits for at least 30 days. |
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!