Relating to availability of certain benefits under individual accident and health insurance policies.
Impact
The bill's changes apply specifically to individual accident and health insurance policies that are delivered, issued for delivery, or renewed after January 1, 2014. Policies issued before this date will continue to be governed by the previous laws. By applying the changes only to new and renewed policies, the bill seeks to gradually phase out older regulatory frameworks while providing a transition period for insurers and policyholders alike. This could potentially lead to a more modernized approach to health insurance in Texas, ensuring that new policies are aligned with current healthcare needs and market conditions.
Summary
House Bill 3105 is an act pertaining to the availability of certain benefits under individual accident and health insurance policies in Texas. The primary focus of the bill is the repeal of Section 1201.227 of the Texas Insurance Code, which addresses various regulations around health insurance policies. This legislative change simplifies the structure of insurance regulations by removing outdated provisions, with the intention of streamlining the benefits offered under individual insurance policies.
Contention
While the summary and intent of HB 3105 present a move towards regulatory clarity, there may be underlying contentions regarding its implications for existing policyholders. Opponents might argue that the repeal of certain sections could limit benefits for individuals who are currently covered under older policies. However, supporters would counter that this streamlining is essential to enhance overall coverage options and make Texas’s health insurance market more competitive and efficient. The lack of opposition votes during its passage indicates a general consensus among lawmakers, although the long-term effects on policyholders remain to be evaluated.