H.B. No. 721 amends the Texas Insurance Code to clarify the applicability of certain laws regarding health care cost disclosures by health benefit plan issuers and administrators. The bill specifies that the chapter applies to various health benefit plans, including small employer health benefit plans, standard health benefit plans, and several other types of coverage. Notably, it removes the inclusion of regional or local health care programs and self-funded health benefit plans sponsored by professional employer organizations from the list of applicable plans.

Additionally, the bill introduces new exclusions to the chapter, stating that it does not apply to health reimbursement arrangements or other account-based health benefit plans, nor to regional or local health care programs operated under specific health and safety code provisions. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Insurance Code 1662.003 (Insurance Code 1662)
House Committee Report: Insurance Code 1662.003 (Insurance Code 1662)
Engrossed: Insurance Code 1662.003 (Insurance Code 1662)
Senate Committee Report: Insurance Code 1662.003 (Insurance Code 1662)
Enrolled: Insurance Code 1662.003 (Insurance Code 1662)