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SB21-085

Actuarial Review Health Insurance Mandate Legislation

Concerning actuarial reviews of proposed legislation that may impose a new health benefit mandate on health benefit plans.
Session:
2021 Regular Session
Subjects:
Health Care & Health Insurance
Higher Education
Bill Summary

The bill requires the division of insurance (division) to retain a contractor on or before November 1, 2021, for the purpose of performing actuarial reviews of proposed legislation that may impose a new health benefit mandate on health benefit plans. The contractor, under the direction of the division, shall conduct an actuarial review of up to 5 legislative proposals for each regular legislative session, each at the request of a member of the general assembly. Each actuarial review performed by the contractor must consider the predicted effects of the legislative proposal during the 5 years immediately following the effective date of the proposed legislation, including specifically described considerations.

In preparing a fiscal note for any legislative proposal that may impose a new health benefit mandate on health benefit plans, the legislative service agency charged with preparing the fiscal note shall either:

  • Include in the fiscal note information that is produced by the contractor in review of the legislative proposal; or
  • If no information is produced by the contractor in review of the legislative proposal, indicate such fact in the fiscal note.
    (Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. J. Ginal, Sen. J. Smallwood
Rep. S. Lontine

Sponsor

Co-sponsor