HB 1037

Abstract

Health insurance; short-term limited-duration medical plans. Prohibits carriers from issuing in the Commonwealth, on or after July 1, 2021, any short-term limited-duration medical plan with a duration that exceeds three months or that can be renewed or extended beyond six months, or if the plan's issuance would result in a covered person being covered by a short-term limited-duration medical plan for more than six months in any 12-month period. The bill prohibits a carrier from issuing a short-term limited-duration medical plan during an annual open enrollment period. The bill has a delayed effective date of July 1, 2021. This bill is identical to SB 404.

Health insurance; short-term limited-duration medical plans. Prohibits carriers from issuing in the Commonwealth any short-term limited-duration medical plan with a duration that exceeds three months or that can be renewed or extended, except for a one-time nonconsecutive renewal, or if the plan's issuance would result in a covered person being covered by a short-term limited-duration medical plan for more than six months in any 12-month period. The measure prohibits a carrier from issuing a short-term limited-duration medical plan during an annual open enrollment period and has a delayed effective date of July 1, 2021.

Health insurance; short-term limited-durationmedical plans. Prohibits carriers from issuing in the Commonwealthany short-term limited-duration medical plan with a duration thatexceeds three months or that can be renewed or extended, or if theplan's issuance would result in a covered person being covered bya short-term limited-duration medical plan for more than three monthsin any 12-month period. The measure prohibits a carrier from issuinga short-term limited-duration medical plan during an annual openenrollment period. The measure also requires carriers to rebate premiumsfrom short-term limited-duration medical plans when the medical lossratio for such plans is less than 85 percent.