state_legiscan_drain · IL
INS-HEALTH PARITY/DISABILITY
January 28, 2025
Summary
If enacted, this bill would amend the Illinois Insurance Code to require insurers that issue or renew long-term disability income insurance policies to provide a disclosure at application about any limitations on coverage duration for mental health or substance use disorder conditions. The policyholder or plan sponsor must acknowledge the disclosure, and the insurer must retain evidence of the disclosure and acknowledgment for at least two years. The requirement applies to policies issued or renewed on or after January 1, 2028.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=1327&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "INS-HEALTH PARITY/DISABILITY" cover?
- If enacted, this bill would amend the Illinois Insurance Code to require insurers that issue or renew long-term disability income insurance policies to…
- When was it published?
- It was published on January 28, 2025.