Requires insurers to provide certificate holders with at least thirty days prior written notice of termination of group health insurance coverage.
Summary
Bill A01631 amends the insurance law and public health law to require insurers and health maintenance organizations (HMOs) to provide certificate holders and members with at least thirty days prior written notice before terminating group health insurance coverage. The bill mandates that insurers obtain and maintain updated residential addresses of all certificate holders and members to ensure proper notification. Additionally, the bill stipulates that the notice must include a complete statement of the rights of the certificate holders regarding coverage for illnesses and accidents occurring before and after the termination date.
Impact
If enacted, this bill will enhance consumer protections for individuals covered under group health insurance policies by ensuring they receive timely notifications of policy terminations. It will require insurers to maintain accurate records of certificate holders' addresses and provide clear information about their rights upon termination. This change will affect the operations of insurance providers and HMOs in New York, potentially leading to increased administrative responsibilities.
Sentiment
The general sentiment surrounding Bill A01631 appears to be supportive, as it aims to protect consumers' rights and ensure they are informed about their health insurance coverage. However, there may be concerns from insurers regarding the potential administrative burden and costs associated with the new notification requirements.
Contention
Notable points of contention may arise from insurance companies that could argue against the increased administrative responsibilities and costs associated with the new notification requirements. Additionally, there may be discussions regarding the adequacy of the thirty-day notice period and whether it sufficiently protects consumers in all circumstances.
Requires associations to provide unit owners within thirty (30) days notice of any increase in the deductible application to the association’s policy.
Requires associations to provide unit owners within thirty (30) days notice of any increase in the deductible application to the association’s policy.
Requires a healthcare entity to submit written notice to the attorney general and the department of health of any material change transaction at least 180 days prior to that transaction.
Requires a healthcare entity to submit written notice to the attorney general and the department of health of any material change transaction at least 180 days prior to that transaction.