Provides for increasing the termination age for children under health and accident policies to age 26. (8/15/10)
Impact
The implications of SB668 on state laws reflect a significant shift towards increased health security for young adults, especially students or those beginning their careers. This change ensures that younger individuals can remain insured during a critical transitional phase of life post-college or while pursuing vocational training. Moreover, the legislation repeals provisions previously limiting coverage for grandchildren in the legal custody of grandparents, fostering a more inclusive insurance framework for families. By aligning state regulations with initiatives that support younger dependents, Louisiana mirrors broader national trends advocating for extended healthcare access.
Summary
Senate Bill 668, proposed by Senator Hebert, amends existing health insurance laws to extend the age for dependent coverage from 21 to 26 for unmarried children and grandchildren. This bill aims to ensure that individuals under 26 can maintain their health insurance coverage without penalties related to age or status as students. The law modifies issues related to insurance premiums, stating that the addition of these dependents should not increase premiums unless no dependents were previously covered. It also ensures the portability of coverage regarding pre-existing conditions for these young dependents, providing additional stability in their healthcare access.
Sentiment
Overall, the sentiment surrounding SB668 appears positive among stakeholders advocating for health security. Proponents argue that this measure is essential for reducing financial burdens on young adults who often grapple with rising healthcare costs. It is seen as a proactive step that acknowledges the evolving economic realities and encourages family support structures. However, some dissent may arise from insurance providers concerned about potential increases in costs due to extended coverage. The debate underscores a broader dialogue about how to balance affordable healthcare with comprehensive coverage.
Contention
Notable points of contention stem from concerns over implementation details, such as how insurance providers will manage claims concerning young adults who may not have previously been insured. While the bill aims to simplify access, questions regarding the administrative feasibility of these changes and potential unintended consequences on the insurance market have emerged. Opponents may argue that the financial implications of extending coverage will strain resources and affect premium costs in the long run. The discussions surrounding these concerns indicate a need for careful consideration and adjustments to ensure that the intended benefits of SB668 do not compromise the operational viability of health insurance providers.
In casualty insurance, further providing for conditions subject to which policies are to be issued and for health insurance coverage for certain children of insured parents.
In casualty insurance, further providing for conditions subject to which policies are to be issued and for health insurance coverage for certain children of insured parents.
In casualty insurance, further providing for conditions subject to which policies are to be issued and for health insurance coverage for certain children of insured parents.
Celebrates the 29th Annual Grandparents Raising Grandchildren Conference and recognizes its founders, Dot Thibodeaux and Danna Spayde, for their dedication, support, and inspiration to grandfamilies across Louisiana.