Association health plans; base rates based on employer member's risk profile. Provides that for association health plans, an insurer may (i) establish base rates formed on an actuarially sound, modified community rating methodology that considers the pooling of all participant claims and (ii) utilize each employer member's specific risk profile to determine contribution rates for each individual employer member's share of the premium by actuarially adjusting above or below established base rates. This bill is identical to HB 2201.

Statutes affected:
Senate: Prefiled and ordered printed; offered 01/11/23 23104234D: 38.2-3521.1
Senate: Printed as engrossed 23104234D-E: 38.2-3521.1
Senate: Bill text as passed Senate and House (SB1171ER): 38.2-3521.1
Governor: Acts of Assembly Chapter text (CHAP0515): 38.2-3521.1