HB2464

Illinois HB2464 prohibits health insurers from charging out-of-network rates for neonatal care at any hospital.

Illinois HB2464 amends the Illinois Insurance Code to ensure that no health insurer can charge patients out-of-network rates for neonatal care at any hospital. The bill defines "neonatal care" and sets out provisions for cost-sharing and billing when patients receive emergency services from nonparticipating providers or facilities. It mandates that insurers ensure patients do not incur greater out-of-pocket costs than they would with a participating provider. The bill also outlines procedures for binding arbitration if disputes over payments are not resolved within 30 days.