A BILL TO BE ENTITLED AN ACT TO MAKE TECHNICAL CHANGES TO THE SMALL EMPLOYER GROUP HEALTH COVERAGE REFORM ACT TO MITIGATE THE EFFECTS OF THE FEDERAL AFFORDABLE CARE ACT ON NORTH CAROLINA'S SMALL BUSINESSES AND TO INCREASE STOP LOSS INSURANCE OPTIONS FOR SMALL EMPLOYERS.
Senate amendment makes the following changes to the 5th edition.
Provides that a small employer carrier, in developing and adjusting premiums for specified small employer group health benefit plans, can make adjustments to premiums for "tobacco use", except that the rate cannot vary by more than one and one-fifteenth to one (was, one and one-half to one).
Amends GS 58-50-130(a), providing that no small employer carrier, insurer, subsidiary of an insurer, or controlled individual of an insurance holding company can provide stop loss, catastrophic, or reinsurance coverage to small employers who employ fewer than 26 eligible employees that does not comply with the underwriting, rating, and other applicable standards in this Act (previously, only referred to small employers, with no number of employees mentioned).
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