Amends the Illinois Insurance Code. Provides that every insurer that amends, delivers, issues, or renews a group or individual policy or certificate of disability insurance or disability income insurance shall ensure parity for the payment of mental, emotional, nervous, or substance use disorders or conditions. Changes the definition of "treatment limitation" to include benefit payments under disability insurance or disability income insurance.
Senate Floor Amendment No. 3: Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Provides that, on and after January 1, 2028, no insurer shall amend, deliver, issue, or renew a group or individual policy or certificate of long-term disability income insurance in the State without a disclosure, provided at the time of application, that includes the specified information concerning limitations on the duration of coverage for mental health or substance use disorders and the right to request more information about the limitation and other coverage options. Requires receipt of the disclosure to be acknowledged by the potential policyholder or plan sponsor, and provides that evidence of the disclosure and acknowledgment must be retained by the insurance company offering the coverage for a period of no less than 2 years. Effective January 1, 2028.
Senate Floor Amendment No. 4: Provides that no group or individual policy or contract of long-term disability income insurance in this State that limits the duration of coverage for mental health and substance use disorders shall be offered (rather than on and after January 1, 2028, no insurer shall amend, deliver, issue, or renew a group or individual policy or certificate of long-term disability income insurance in this State) without a disclosure containing the specified information. Provides that evidence of the disclosure and acknowledgment must be retained by the insurance company offering the coverage (rather than offering the coverage for a period of no less than 2 years)

Statutes affected:
Introduced: 215 ILCS 5/370
Engrossed: 215 ILCS 5/370
Enrolled: 215 ILCS 5/370