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1998 SESSION

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SB 509 Medical savings accounts; group self-insurance pools.

Introduced by: Frederick M. Quayle (by request) | all patrons    ...    notes | add to my profiles

SUMMARY:

Medical savings accounts; group self-insurance pools. Authorizes the establishment of group self-insurance associations for the purpose of providing high-deductible, catastrophic health care coverage for use in conjunction with medical savings accounts. The self-insurance associations must be unincorporated, and the insurance they provide must be community rated and contain no preexisting conditions exclusions. Additionally, the associations may have no contractual relations with any health care providers or health care facilities. The bill's provisions will become effective on July 1, 1999. In the interval, the Joint Commission on Health Care, assisted by the Bureau of Insurance of the State Corporation Commission and the Department of Taxation, will examine the current provisions of federal and state taxation and insurance laws to determine the feasibility of implementing the provisions of this act. The Joint Commission shall report its findings to the Governor and the 1999 Session of the General Assembly.


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