Illinois HB5260 amends insurance regulations, including policy transfers, dependent coverage, and supplier diversity reporting.
Illinois HB5260 amends the Illinois Insurance Code to require insurers to notify policyholders of policy transfers at least 60 days before renewal. It also mandates that group or individual health insurance policies provide coverage to parents or stepparents of insured individuals if they meet certain criteria. The bill repeals the Health Care Purchasing Group Act and removes exemptions for short-term, limited-duration health insurance coverage under the Network Adequacy and Transparency Act.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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