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House Bill 765 |
House Author: Menendez |
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Effective: 9-1-05 |
Senate Sponsor: Van de Putte |
House Bill 765 amends the Insurance Code to require that the certificate of insurance provided to a policyholder by a group health insurance company include the policy's annual deductible, annual and lifetime policy limits, and maximum out-of-pocket expenses. The bill also requires that the insurer provide the policyholder with a notice informing the employee or member of the availability of and premiums for a rider or separate insurance policy that would provide additional coverage. The bill requires an employer who offers employees a standard health benefit plan to provide each employee with a copy of the plan issuer's disclosure statement before the employee initially enrolls or renews enrollment in the plan, unless prior notice has been given, and to each prospective employee before hiring, and to obtain a copy of the notice signed by the employee at the time the notice is provided.