09 AM 28
0986
ADOPTED
Senator Hill of the 32nd offered the following amendment:
Senator Hill of the 32nd offered the following amendment:
Amend
the House substitute to SB 94 by inserting
after "System;"
on line
6 "to provide that the Commissioner of
Insurance shall be authorized to allow certain health reimbursement arrangement
only plans that encourage employer financial support of health insurance or
health related expenses to be approved for sale in connection with or packaged
with otherwise approved individual health insurance
policies;"; by
redesignating Sections 2 and 3 as Sections 3 and 4, respectively; and by
inserting after line 296 the following:
SECTION
2.
Said
title is further amended by adding a new Code section to read as
follows:
"33-51-7.
(a)
The Commissioner shall be authorized to allow health reimbursement arrangement
only plans that encourage employer financial support of health insurance or
health related expenses recognized under the rules of the federal Internal
Revenue Service to be approved for sale in connection with or packaged with
individual health insurance policies otherwise approved by the
Commissioner.
(b)
Health reimbursement arrangement only plans that are not sold in connection with
or packaged with individual health insurance policies shall not be considered
insurance under this title.
(c)
Individual insurance policies offered or funded through health reimbursement
arrangements shall not be considered employer sponsored or group coverage for
purposes of this title, and nothing in this Code section shall be interpreted to
require an insurer to offer an individual health insurance policy for sale in
connection with or packaged with a health reimbursement arrangement or to accept
premiums from health reimbursement arrangement plans for individual health
insurance policies."