The bill amends the 1956 Insurance Code by updating definitions and provisions related to small employer health benefit plans. Key insertions include clarifying the definition of "carrier" to encompass various entities providing health benefits, and modifying the definition of "small employer" to specify that it refers to a person actively engaged in business with a workforce of 2 to 50 eligible employees. Additionally, the bill updates the term "full-time employees" to align with current federal regulations and revises the definition of "creditable coverage" to reflect changes in applicable laws.

The bill also makes several deletions, including the removal of outdated references to specific sections of the U.S. Code and clarifying language regarding health benefit plans. Notably, it excludes certain types of insurance from the definition of "health benefit plan," such as accident-only and long-term care insurance, while introducing a new definition for "coverage only for excepted benefits." The enactment of this bill is contingent upon the passage of related legislation, ensuring that the updates to the insurance code are synchronized with broader legislative changes.

Statutes affected:
House Introduced Bill: 500.3701