Text: HF00585 Text: HF00587 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 509.20 NOTICE OF RATE INCREASE.
1 2 1. For purposes of this section, "policy or contract for
1 3 group health benefit coverages, including a contract to
1 4 provide services to a plan providing group health benefit
1 5 coverages" applies to all of the following:
1 6 a. A group policy of health insurance under this chapter.
1 7 b. A plan established pursuant to chapter 509A for public
1 8 employees.
1 9 c. A plan offered pursuant to chapter 513B.
1 10 d. A group contract of a nonprofit health service
1 11 corporation under chapter 514.
1 12 e. A group plan of a health maintenance organization under
1 13 chapter 514B.
1 14 f. An organized delivery system authorized under 1993 Iowa
1 15 Acts, chapter 158, and licensed by the director of public
1 16 health.
1 17 g. Preferred provider contracts limiting choice of
1 18 specific provider.
1 19 h. Any other policy, contract, or plan for covering the
1 20 health care costs of a defined group.
1 21 2. A person who issues a policy or contract for group
1 22 health benefit coverages, including a contract to provide
1 23 services to a plan providing group health benefit coverages to
1 24 a group, shall provide notice of a rate increase for the
1 25 policy or contract at least forty-five days prior to the
1 26 effective date of the rate increase to the policyholder,
1 27 contract holder, or sponsor of the group health benefit plan.
1 28 Sec. 2. Section 514.6, Code 2003, is amended to read as
1 29 follows:
1 30 514.6 RATES – APPROVAL BY COMMISSIONER – NOTICE OF
1 31 INCREASE.
1 32 1. The rates charged by any such corporation to the
1 33 subscribers for health care service shall at all times be
1 34 subject to the approval of the commissioner of insurance.
1 35 2. A corporation offering health care services to
2 1 subscribers pursuant to this chapter shall provide notice of a
2 2 rate increase to subscribers at least forty-five days prior to
2 3 the effective date of the rate increase.
2 4 EXPLANATION
2 5 This bill amends various Code chapters dealing with certain
2 6 types of health insurance to require a 45-day notice of rate
2 7 increases in premiums. The bill adds new Code section 509.20
2 8 to require such notice for group health insurance policies,
2 9 contracts, and plans. Code section 514.6 addresses coverage
2 10 provided by a nonprofit health service corporation.
2 11 LSB 1977HV 80
2 12 jj/cf/24
Text: HF00585 Text: HF00587 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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