The bill amends the Revised Code to establish a nonrefundable income tax credit for small employers who provide their employees with individual coverage health reimbursement arrangements. Employers can claim a credit of $400 for each employee receiving benefits under such an arrangement, provided they contribute at least $400 per employee during the taxable year. The bill also includes provisions that prevent insurers from excluding individuals from coverage based on health status-related factors and prohibits financial incentives that encourage individuals to opt out of employer-provided health plans. Additionally, it emphasizes the importance of maintaining employer-provided health benefits and outlines the responsibilities of insurers to ensure fair treatment of policyholders.

Moreover, the legislation introduces protections for victims of domestic violence in insurance underwriting and rating practices, clarifying that insurers may consider a person's physical or mental condition resulting from domestic violence, as long as the same standards are applied to all individuals. The bill also establishes the responsibilities of the superintendent of insurance in enforcing these provisions and includes administrative remedies for unfair and deceptive practices in policy summaries. Significant updates to the tax credit framework are indicated by the repeal of existing sections of the Revised Code, with the new provisions applying to taxable years ending on or after the bill's effective date.

Statutes affected:
As Introduced: 5747.98
As Reported By House Committee: 3901.21, 3901.22, 3937.19, 5747.98
As Passed By House: 3901.21, 3901.22, 3937.19, 5747.98