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2011 SESSION
HB 1538 Health insurance; multiple employer welfare arrangements.
Introduced by: Donald W. Merricks | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Health insurance; multiple employer welfare arrangements. Exempts multiple employer welfare arrangements (MEWAs) that are comprised only of banks together with their plan-sponsoring organization, and their respective employees, from the provisions of the Commonwealth's insurance laws. Currently, such an exemption applies to MEWAs comprised of banks and their employees. The term "plan-sponsoring organization" is defined as an association that sponsors a MEWA comprised only of banks and that, among other things, has been in existence for at least five years and was not formed for the purpose of obtaining insurance.
SUMMARY AS INTRODUCED:
Health insurance; multiple employer welfare arrangements. Exempts multiple employer welfare arrangements (MEWAs) that are comprised only of banks and a plan-sponsoring organization, and their respective employees, from the provisions of the Commonwealth's insurance laws. Currently, such an exemption applies to MEWAs comprised of banks and their employees. A plan-sponsoring organization has the same meaning as a "bona fide association" under the provisions of Title 38.2 (Insurance) that apply to the offering of the essential and standard plan in the small employer market. The term "plan-sponsoring organization" includes any subsidiary of such an association.