Bill Summary for H 688 (2023-2024)

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Bill: INCREASE ACCESS FOR SMALL EMPLOYERS/INSURANCE.

Summary date: 

Apr 18 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 688 (Public) Filed Tuesday, April 18, 2023
AN ACT INCREASING SMALL EMPLOYER ACCESS TO STOP LOSS, CATASTROPHIC, AND REINSURANCE COVERAGE.
Intro. by Paré, Humphrey, White.

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Bill summary

Identical to S 297, filed 3/13/23.

Amends GS 58-50-130 (required health care provisions of the Small Employer Group Health Insurance Reform Act) to allow providing stop loss, catastrophic, or reinsurance coverage to small employers who employ more than five eligible (was, small employers with twenty or more employees.) Effective October 1, 2023, and applies to contracts issued, renewed, or amended on or after that date.