Connecticut 2021 Regular Session

Connecticut House Bill HB05338 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	LCO No. 546 1 of 2
4	4
5	5	General Assembly Proposed Bill No. 5338
6	6	January Session, 2021
7	7	LCO No. 546
8	8
9	9
10	10	Referred to Committee on INSURANCE AND REAL ESTATE
11	11
12	12
13	13	Introduced by:
14	14	REP. PAVALOCK-D'AMATO, 77th Dist.
15	15	REP. PERILLO, 113th Dist.
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17	17
18	18
19	19
20	20	AN ACT CONCERNING THE STATE EMPLOYEE, PARTNERSHIP AND
21	21	MUNICIPAL EMPLOYEE HEALTH INSURANCE PLANS.
22	22	Be it enacted by the Senate and House of Representatives in General
23	23	Assembly convened:
24	24
25	25	That the general statutes be amended to: (1) Direct the Comptroller 1
26	26	to ensure that the state employee and partnership plans are (A) 2
27	27	examined by (i) certified actuaries, and (ii) the Auditors of Public 3
28	28	Accounts, and (B) secured by stop-loss coverage; (2) subject the state 4
29	29	employee and partnership plans to (A) the same requirements that 5
30	30	apply to other group health plans, including, but not limited to, (i) prior 6
31	31	rate review and approval by the Insurance Department for the 7
32	32	partnership plan, and (ii) a required medical loss ratio of at least eighty 8
33	33	per cent, and (B) the Finance Advisory Committee process for any 9
34	34	transfer of state funds to support any losses incurred by the state 10
35	35	employee or partnership plan; and (3) require the Auditors of Public 11
36	36	Accounts to report, at least annually, to the Office of Policy and 12
37	37	Management, the Insurance Department and the Office of Health 13
38	38	Strategy (A) regarding the financial solvency of the state employee, 14
39	39	partnership and municipal employee health insurance plans, and (B) the 15 Proposed Bill No. 5338
40	40
41	41
42	42	LCO No. 546 2 of 2
43	43
44	44	name of, services rendered by and financial arrangements with any 16
45	45	consultant engaged by the Comptroller to support the state employee, 17
46	46	partnership and municipal employee health insurance plans. 18
47	47	Statement of Purpose:
48	48	To: (1) Direct the Comptroller to ensure that the state employee and
49	49	partnership plans are (A) examined by (i) certified actuaries, and (ii) the
50	50	Auditors of Public Accounts, and (B) secured by stop-loss coverage; (2)
51	51	subject the state employee and partnership plans to (A) the same
52	52	requirements that apply to other group health plans, including, but not
53	53	limited to, (i) prior rate review and approval by the Insurance
54	54	Department for the partnership plan, and (ii) a required medical loss
55	55	ratio of at least eighty per cent, and (B) the Finance Advisory Committee
56	56	process for any transfer of state funds to support any losses incurred by
57	57	the state employee or partnership plan; and (3) require the Auditors of
58	58	Public Accounts to report, at least annually, to the Office of Policy and
59	59	Management, the Insurance Department and the Office of Health
60	60	Strategy (A) regarding the financial solvency of the state employee,
61	61	partnership and municipal employee health insurance plans, and (B) the
62	62	name of, services rendered by and financial arrangements with any
63	63	consultant engaged by the Comptroller to support the state employee,
64	64	partnership and municipal employee health insurance plans.