Missouri HB2596 modifies health benefit plans by requiring loss reserves and surplus accounts, and redefines fully insured plans.

Missouri HB2596 modifies provisions relating to health benefit plans by requiring plans to establish loss reserves for all incurred losses and unearned premiums. It also mandates that a surplus account must be equal to the greater of specified amounts. The bill redefines a fully insured plan as one where an insurer retains ultimate responsibility for all benefits. It repeals and replaces sections 376.1000 and 376.1017 of the Revised Statutes of Missouri, introducing new definitions and provisions for multiple employer self-insured health plans.

Missouri HB2596 modifies health benefit plans by requiring loss reserves and surplus accounts, and redefines fully insured plans.

Missouri HB2596 modifies provisions relating to health benefit plans by requiring plans to establish loss reserves for all incurred losses and unearned premiums. It also mandates that a surplus account must be equal to the greater of specified amounts. The bill redefines a fully insured plan as one where an insurer retains ultimate responsibility for all benefits. It repeals and replaces sections 376.1000 and 376.1017 of the Revised Statutes of Missouri, introducing new definitions and provisions for multiple employer self-insured health plans.