Protecting Company Health Insurance: More Stability for Employers.
This act aims to make it easier for companies, especially small ones, to self-fund employee health benefits. This allows employers to better manage financial risks associated with high medical costs, potentially leading to more stable health plans. The changes are intended to ensure companies can continue offering health insurance while protecting their finances from unexpected expenses.
Key points
Stop-loss insurance, which protects companies from high employee medical costs, will not be treated as standard health insurance.
States will not be able to restrict companies' access to stop-loss insurance, increasing employer flexibility in managing health plans.
The changes aim to support companies in self-funding health benefits, which may help maintain the availability of insurance for employees.
Placed on Calendar
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