Maryland HB494 mandates health insurers to report progress on primary care investment targets to the Insurance Commissioner.

Maryland HB494 requires health insurers to describe their progress in meeting annual primary care investment targets when filing premium rates or changes with the Maryland Insurance Commissioner. The bill also mandates the Commissioner to consider these targets when reviewing premium rates. This law applies to individual, group, or blanket health insurance policies and contracts delivered or issued for delivery in the state by insurers, nonprofit health service plans, and health maintenance organizations. The provisions take effect on October 1, 2026.

Maryland HB494 mandates health insurers to report progress on primary care investment targets to the Insurance Commissioner.

Maryland HB494 requires health insurers to describe their progress in meeting annual primary care investment targets when filing premium rates or changes with the Maryland Insurance Commissioner. The bill also mandates the Commissioner to consider these targets when reviewing premium rates. This law applies to individual, group, or blanket health insurance policies and contracts delivered or issued for delivery in the state by insurers, nonprofit health service plans, and health maintenance organizations. The provisions take effect on October 1, 2026.