05RS SB209


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SB 209 (BR 1318) - J. Denton, R. Roeding

     AN ACT relating to health insurance and declaring an emergency.
     Amend KRS 304.14-500 to define "Medicare supplement policy"; provide that medicare supplement policy does not include Medicare Advantage under Medicare Part C, nor prescription drug plans under Medicare Part D, nor health care prepayment plans pursuant to an agreement under 42 U.S.C. sec. 1395l(a)(1)(A); amend KRS 304.17A-095 to change the guarantee of a lifetime minimum loss ratio for individual health benefit plans from seventy percent (70%) to sixty-five percent (65%); EMERGENCY.


     HFA (1, S. Riggs) - Permit an insurer to amend policy forms used prior to the effective date of the change in the minimum loss ratio guarantee under this Act and to amend the minimum loss ratio guarantee on policy forms filed and used prior to the effective date of this Act to provide for a minimum loss ratio guarantee allowed under this Act for policies issued, delivered, or renewed on or after the effective date of this Act.

     Feb 14-introduced in Senate
     Feb 15-to Banking and Insurance (S)
     Feb 16-reported favorably, 1st reading, to Calendar
     Feb 17-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 18, 2005
     Feb 18-3rd reading, passed 32-1; received in House
     Feb 22-to Health and Welfare (H)
     Feb 28-posted in committee; posting waived
     Mar 1-reported favorably, 1st reading, to Calendar
     Mar 2-2nd reading, to Rules
     Mar 3-floor amendment (1) filed
     Mar 8-3rd reading, passed 83-1 with floor amendment (1); received in Senate
     Mar 21-posted for passage for concurrence in House floor amendment (1) on Monday, March 21, 2005; Senate concurred in House floor amendment (1); passed 34-1; enrolled, signed by each presiding officer; delivered to Governor
     Mar 31-signed by Governor (Acts ch. 183)

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