Illinois HB3607 amends insurance regulations to prohibit copayments and deductibles over $1,000, limiting yearly out-of-pocket expenses to $1,500.
Illinois HB3607 amends the Illinois Insurance Code to prohibit group or individual accident or health insurance policies from charging copayments or including deductibles greater than $1,000, effective January 1, 2027. It also limits yearly out-of-pocket expenses for insured persons to $1,500. The bill affects insurance policies, health maintenance organizations, and limited health service organizations, ensuring they comply with specified coverage requirements and insurance code provisions.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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