Lower Minimum For Employer Health Stop-loss Insurance
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning a reduction in the minimum amount of liability that must be retained by a self-insured employer that purchases stop-loss health insurance.
Bill Summary:
Under current law, employers with 50 or fewer employees who self-insure can purchase stop-loss insurance to cover the cost of employee health benefits exceeding $20,000 per employee per year. However, insurers are prohibited from issuing stop-loss policies with an attachment point below $20,000. The bill lowers this minimum to $10,000 per employee per year. The bill also makes a corresponding change in the minimum retention amount for larger employers, from $15,000 to $10,000.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Representative
Perry Buck
Committees
House
Health & Insurance
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/30/2020 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 20-1199 to the Committee of the Whole. | The motion failed on a vote of 4-6. | Vote summary |
| Postpone House Bill 20-1199 indefinitely. | The motion passed on a vote of 6-4. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 02/26/2020 | House | House Committee on Health & Insurance Postpone Indefinitely |
| 01/30/2020 | House | Introduced In House - Assigned to Health & Insurance |